 ▲ Tulip, Bitcoin (BTC) / AI-generated image |
Pessimistic forecasts suggesting that the value of Bitcoin (BTC) effectively converges toward zero have resurfaced skepticism over the intrinsic value of crypto assets.
According to an article published on February 8 (local time) by financial news outlet Yahoo Finance, some economists and market skeptics are warning of a long-term price collapse, citing the fact that Bitcoin generates no cash flow and is not backed by tangible assets. They emphasize that Bitcoin’s price has been inflated by a global wave of speculation without providing real economic utility, urging investors to exercise extreme caution. Key arguments include that Bitcoin pays neither dividends nor interest and, unlike traditional safe-haven assets such as gold, has no physical use.
Skeptics argue that if Bitcoin fails to gain widespread adoption as a payment method and cannot overcome its volatility as a store of value, its price is destined to crash once trust collapses. They warn that market confidence could evaporate instantly if regulatory pressure intensifies or technological flaws are discovered. The report likens Bitcoin to a massive Ponzi scheme or the Dutch tulip mania, asserting that price appreciation relies solely on the belief that the next buyer will pay more.
They explain that the halt of new capital inflows or a tightening of macroeconomic liquidity could mark the beginning of Bitcoin’s descent toward zero. This view directly challenges the industry’s claim that Bitcoin is solidifying its position as digital gold. As Bitcoin prices recently faced pressure around the $60,000 level and volatility increased, such pessimism has gained further traction. Amid growing anxiety among investors who bought at peaks, questions about Bitcoin’s real value could trigger panic selling.
Skeptics advise not to forget that crypto assets rely largely on psychological factors rather than intrinsic value. While Bitcoin has continued to grow despite numerous doomsday predictions since its inception, the current controversy over its lack of intrinsic value poses a significant challenge for a market on the verge of integrating into mainstream finance. For crypto assets to be recognized as true currencies or viable assets, they must overcome price volatility and demonstrate a meaningful role within the real economic system.
As skepticism and optimism remain tightly balanced, Bitcoin’s long-term survival ultimately depends on sustaining public trust. The Bitcoin market has entered a mature phase in which it must answer persistent questions about the very nature of the asset, beyond mere price fluctuations. Investors are urged to make prudent decisions by weighing Bitcoin’s structural vulnerabilities and skeptics’ warnings rather than being swayed by short-term rallies.
*Disclaimer: This article is for investment reference only, and no responsibility is assumed for any investment losses incurred based on this content. The information provided should be interpreted solely for informational purposes.*