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“Bitcoin Going to Zero” Narrative Thrives Again – What does it Mean?

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Bitcoin suffered a 3% fall, sending the digital asset under $7,000 and causing the bitcoin going to zero narratives to thrive on Twitter. The bottom is every time scary and almost nobody wants to buy it.

The greed & fear index shows 23% which means there is extreme fear in the crypto markets.

fear greed 17 dec - "Bitcoin Going to Zero" Narrative Thrives Again - What does it Mean?

Here are some tweets from the last days that show the narrative that repeats every time we experience the bottom.

However, a more objective analysis comes from Crypto analyst DonAlt who thinks than one more selloff shakeout before going long.

Bitcoin has been declared dead hundreds of times in his 10 years of life and it was exactly these times where it was the best time to buy the digital asset. Time will tell but this might be the last dip in the 2 years-long bear market.

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Ethan Hunt

Bitcoin Maximalist and Toxic to our banking and monetary system. Separation of money and state is necessary just like the separation of religion and state in the past.

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