Former deputy governor, BOE believes Bitcoin can drop to zero. I wonder what his opinion is at the moment.
"Their price can vary quite considerably and they could theoretically or practically drop to zero." Jon Cunliffe saiid.
And what's the different between theoritical and practical drop to zero for BTC?
Can the price theoritically drop to zero but practically trade above $40k. Kinda confusing.
Maybe the Earth explodes with one of the planets and the world is destroyed, maybe I die today, maybe you go from owning $1 to owning $1 billion. So there are many things that can happen. Nothing is impossible. Maybe the price of Bitcoin will reach zero one day. But it is almost impossible to say when it will come. I think we may have to wait a long time for the price of Bitcoin to reach zero.