Bitcoin to Zero? the Viral Fear and Why Total Collapse Is Nearly Impossible

Every crypto winter, the sentiment for Bitcoin turns bearish and one question keeps resurfacing among the circles of critics and investors: can Bitcoin go to zero? This is despite the price of the flagship cryptocurrency hitting new all-time highs following every bear market, it being the largest digital coin in the world and having become one of the fastest growing assets of all time in its brief lifecycle. In this article, we delve into this issue – we study the disastrous scenarios that would have to play out for Bitcoin to actually drop to zero, explain why they are highly unlikely, and break down what is hiding behind this existential question. Understanding where spikes occur in search data and what that means is fundamental for building a base, off of which to analyze the catastrophizing surrounding Bitcoin. Historically, the “will Bitcoin go to zero” online searches surge during every market drawdown or after major setbacks like the FTX collapse. This question simultaneously asked by millions of investors, witnessing massive outflows from the markets and the collapse of their portfolios during a negative news cycle, reflects sharp anxiety. In contrast, during calmer conditions, the interest in Bitcoin’s potential downfall remains low.…