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Economist Steve Keen Says Bitcoin Will Go To Zero: Here's Why He's Probably Wrong Again
The Economist who called the 2008 crash just told Diary Of A CEO that Bitcoin will hit zero because of energy use and the Iran conflict.
Keen has been calling zero since 2018, when $BTC was $4,000. Today it is $68,000+. Every "Bitcoin to zero" call from Roubini, Krugman, and Schiff has been wrong for over a decade.
The energy FUD ignores one fact. Bitcoin's energy is its security budget, and 55%+ of mining now runs on sustainable power.
A 46% correction in a bear cycle is normal. Bitcoin has survived China bans, Mt. Gox, FTX, and 80% crashes.