Mythbusting: Why Bitcoin Can Never Go to Zero

The volatile, unprecedented, and revolutionary monetary system that is cryptocurrency has a future that not many can accurately predict, but as time has gone on, the idea that Bitcoin is going to zero seems more and more far fetched.

Bitcoin is barely 10 years old, and has gone from being worth zero to being worth $20,000.

It doesn't matter if it is skeptical friends around a dinner table, or Dr. Doom himself Nouriel Roubini, the prediction that Bitcoin will go to zero often comes up as a counter punch to all the positive strides that cryptocurrencies are making.

What does this all mean for Bitcoin and the idea that it can go to zero?

There is a big push for blockchain adoption - as described above - but the same cannot be said to be as strong for Bitcoin and cryptocurrency adoption.

"When we first pitched my company Lightning Labs, we actually took the word 'Bitcoin' out of our deck and our marketing material because it was so much about blockchain. Now, I feel like we've entered into a 'Bitcoin, not blockchain' world, where people understand the value of cryptocurrency technology and what these can bring. You also have proof-of-work in Bitcoin, you have the public/private key cryptography. There are other things that make Bitcoin special. Somehow, the blockchain part got separated and became a thing."

There is a correlation between Google search trends for Bitcoin and the price of Bitcoin, which shows that higher interest in and popularity of the coin is intrinsically tied to its price, and thus, in many respects, its success.

While its adoption continues to grow and become more entrenched as a technology and a financial system in everyday life, Bitcoin and cryptocurrencies - as well as blockchain - becomes harder and harder to simply move on from.

Many will compare Bitcoin to a company or stock, which can go to zero, as a reason not to invest in it.

"Bitcoin will never go to zero because it is a hedge against falling currencies, inefficient economies and increasingly systemic inequality. Bitcoin represents the currency of a better future for society, and people will always invest in their future."