Bitcoin Will Never Touch Zero

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Bitcoin Will Never Touch Zero

Bitcoin (BTC) Will Never Touch Zero

Bitcoin has been around since 2010, and a ton of people have called it dead since then. But surprisingly, Bitcoin is still here after all those years and is now worth thousands of dollars.

A key reason why Bitcoin will never hit zero has to do with how how its made and the people's trust in it. In simple words, as long as there are people willing to buy Bitcoin, it will never go to zero.

20% Of Bitcoin's Supply Is Lost

The only way for Bitcoin to touch zero is if everyone tries to sell it, and at the same time, there are no buyers. If you think about it, Bitcoin will never see something like that at all.

For starters, MicroStrategy has 761,000 Bitcoin, which accounts for 3.6% of the supply. Also, MicroStrategy continues to buy more without looking at the price.

There are also other big holders of Bitcoin, such as ETFs, governments, companies, and so on. Also, around 20% of the supply of Bitcoin is lost permnantly which means it can't be sold.

Another reason why it can't go to zero is that the longtime evangelists of Bitcoin also support it. This means they will try to guarantee that it never hits zero, provided the market is still functioning.

These people have buy orders pending at very low levels, such as $0.01, $0.02, and so on. So, anytime Bitcoin reaches these levels, these pending orders will kick in and prevent Bitcoin from touching $0.

So, the bottom line is that Bitcoin is not going to zero as it is not possible in any case. But Bitcoin can move lower and reach a lower support level if the selling pressure intensifies.

The market cap of Bitcoin is already above $1 trillion, which makes it worth more than most of the publicly traded companies.

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