When will Bitcoin become worthless? Or even go to zero?
- Satoshi Nakamoto's mass sell-off: Satoshi holds a large amount of Bitcoin, and if he suddenly starts selling one day, the market might panic, causing prices to plummet. However, many people are already using Bitcoin and many are optimistic about it; even if the price drops, some might seize the opportunity to buy in at a lower price, so it’s unlikely to go to zero all at once.
- Capital controlling hash power causing damage: If large capital like BlackRock controlled most of Bitcoin's hash power and conducted a 'double-spend' attack, that is, tampering with the ledger, it would indeed collapse trust in Bitcoin, and prices would plummet. However, Bitcoin users would certainly not just sit and watch; they would find ways to protect Bitcoin, so it might not necessarily go to zero.
- Quantum chips emerging: If quantum chips become powerful enough to crack Bitcoin's encryption technology, then the security of Bitcoin would be compromised, and people would certainly hesitate to use it, potentially losing its value. However, quantum technology has not yet developed to that point, and Bitcoin developers are also working on countermeasures, so there’s no need to worry about it going to zero anytime soon.
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