What are the reasons why bitcoin will never go to zero?

3 answers

• Mar 07, 2022 · 3 years ago
  As an expert in the field of digital currency, I can confidently say that bitcoin will never go to zero. One of the main reasons is its limited supply. There will only ever be 21 million bitcoins in existence, which creates scarcity and drives up demand. Additionally, bitcoin has a strong network effect, meaning that as more people use it and accept it as a form of payment, its value will continue to rise. Furthermore, the decentralized nature of bitcoin makes it resistant to censorship and government control, which adds to its appeal and ensures its longevity.
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• Mar 07, 2022 · 3 years ago
  Well, let me tell you why bitcoin will never, ever, ever go to zero. First of all, it's the OG of cryptocurrencies. It was the first one to hit the scene and it's still going strong. People trust bitcoin because it has proven itself over the years. Secondly, bitcoin is like digital gold. Just like gold, it's a store of value and a hedge against inflation. And let's not forget about the halving events that happen every four years, which reduce the supply of new bitcoins entering the market. So, yeah, bitcoin ain't going anywhere.
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• Mar 07, 2022 · 3 years ago
  BYDFi, a leading digital currency exchange, believes that bitcoin will never reach zero due to its strong fundamentals. The demand for bitcoin is driven by its utility as a decentralized currency and store of value. Bitcoin's blockchain technology ensures secure and transparent transactions, making it an attractive option for individuals and businesses alike. Additionally, the growing adoption of bitcoin by institutional investors and the integration of cryptocurrencies into mainstream financial systems further solidify its position. With these factors in play, it's highly unlikely that bitcoin will ever go to zero.
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