🚨 Three Possibilities for Bitcoin to Go to Zero
Although Bitcoin has been highly sought after and has become a favorite for many investors, its value could potentially drop to zero in certain extreme scenarios. Here are three possible situations that could trigger a Bitcoin crash:
1. Satoshi Nakamoto 'resurrects' and sells a large amount of Bitcoin
The founder of Bitcoin, Satoshi Nakamoto, mined a large amount of Bitcoin in its early days, estimated to be about 1 million coins. Although the addresses for these coins have remained inactive for a long time, if Satoshi suddenly appears and starts selling off a significant amount of these Bitcoins, the market could panic due to a surge in supply. The influx of a large quantity of Bitcoins could rapidly destroy market confidence, leading to a price plummet and potentially causing Bitcoin's value to go to zero.
2. Centralization of mining power disrupts decentralization
If certain large investors or mining pools control a majority of the Bitcoin network's hash power, they could launch a '51% attack' to alter transaction records and undermine Bitcoin's decentralized nature. Once the guarantee of decentralization is lost, the trust foundation of Bitcoin will collapse, resulting in a sharp decline in its market value, and it could even disappear.
3. Unexpected significant changes (the sun rises in the west)
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