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.
Different people have different theories and opinions about Bitcoin but the impact of these people's opinions on the value of Bitcoin has never been observed. If someone has expressed the opinion that the value of Bitcoin will reach zero, then he has expressed his own opinion. Currently, there is no environment for the price of Bitcoin to reach zero, and the control system of Bitcoin is not in the hands of a third party who can bring it to zero at will.