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.
bitcoin falls to zero, then the world is in a state of apocalypse, currently it is impossible for bitcoin to be worth zero because bitcoin is already owned by millions of people around the world and has been traded in commodity form in many countries so those who think bitcoin will fall to zero are quite idiot.
never mind falling to zero, even bitcoin falling to $1000 is impossible at the moment, logically when bitcoin's value goes down further there are many speculators who will buy bitcoin and pump the price again, btc will remain at tens of thousands of dollars (lowest).