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.
I never believe in predictions made by theorists, I always believe in my own thoughts and predictions. Many theorists have predicted bitcoin will go to zero I never believe that bitcoin will go to zero but I believe that bitcoin is not zero and will go above $100,000 in 2024. Also, I think the popularity of Bitcoin will increase as the day goes by and as the popularity of Bitcoin continues to increase, the value and demand for Bitcoin will increase which in turn will increase the price of Bitcoin much more.