Quote from: OddJobsForBitcoin on January 11, 2024, 09:24:08 PM

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.

So what I'm reading here is an answer to a question which was about "Crypto Currencies" in general.
Look at the language he uses in his answer "Their price can vary quite considerably and they could theoretically or practically drop to zero."
not "Its price can vary quite considerably and it could theoretically or practically drop to zero."

Ok lets answer the OP's question with my opinion

Theoritically Bitcoins price can drop to zero if the internet is switched off for example, why
would the interned globally be turned off?

Practically if Bitcoins price were to suddenly drop to lets say $5000, what will happen? at
least everyone in this community will buy as much as they can.

So theoretically YES
Practically NO