The European Central Bank (ECB) recently claim that Bitcoin's value could drop to 0. This fire up discussions about whether Bitcoin is really worth investing in.
The ECB's argument is that Bitcoin's price doesn't fit its actual value. Despite big investments they think Bitcoin doesn't have any real value and could eventually become worthless. Bitcoin produce nothing. It is like a meme coin.
Dan Pena, the speaker of the above video said that at the time they reveal who created bitcoin,it will go to the f___ zero.
But not everyone agrees. Some people believe that Bitcoin's value is based on how much people want it and how scarce it is. But it is a fact that bitcoin doesn't produce anything. There are real companies with their own cryptocurrency that produces something.
Jim Rogers agree with Dan Pena. He said that bitcoin isn't commodity. "Sugar and rice will always have value, It has always, I do not know that Bitcoin will always have value." "The value of sugar or gold and silver is not going to disappear and go to zero someday." Bitcoin's price is possible.
In the end, whether Bitcoin is really worth anything is still up for debate. While the ECB's warning is worth considering, many people still believe in Bitcoin's potential as a new kind of digital money.
