Bitcoin's Zero-Dollar Threat: What Would Have to Happen

The idea of Bitcoin crashing to zero may seem like a far-fetched movie plot, but some influential figures in traditional finance believe it's inevitable. Warren Buffett has repeatedly stated that he doesn't own any cryptocurrency and never will, calling its value 'zero.'

Buffett views Bitcoin as a speculative 'gambling token' because it doesn't produce dividends, revenue, or physical utility. He believes once the pool of buyers willing to pay a higher price runs out, the asset inevitably collapses under its own lack of utility.

Other institutional skeptics, such as JPMorgan Chase CEO Jamie Dimon and Nobel laureate Eugene Fama, have also expressed doubts about Bitcoin's long-term viability. They predict that it could face a path to irrelevance as more efficient financial technologies develop.