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.
he has nothing to do with Bitcoin so let him be stupid enough to say whatever he wanted but this is almost far from impossible to happen , going back to zero? then what comes to dollar then if this happens? they are taking the decentralization of the world if the government had take down bitcoin.
and for this to have zero value then this should be the government action against crypto.and expect all of cryptocurrency will turn zero.