Can Bitcoin go to zero? Sure, it can, but it probably will not.
But currently, Bitcoin is in a nosedive, trading at around $67,000. The last time BTC traded at that level was in October of 2024.
So how low can Bitcoin go?
Bitcoin OGs are doing most of the selling.
Nic Puckrin, an investment analyst and co-founder of Coin Bureau, believes Bitcoin is in full capitulation as it breaks the $70,000 psychological barrier. Puckrin says this is no longer a short-term correction but a transition to reset that will take months, not weeks.
Puckrin’s gloomy view of Bitcoin stems from large-scale selling by Bitcoin whales, even as retail holds on through Bitcoin ETFs and institutional outflows grow. He predicts that Bitcoin could hit a low of around $55,000 to $58,000.
Ruslan Lienkha, chief of markets at YouHodler, says that Bitcoin is a high-risk, high-volatility asset rather than a defensive store of value (like Gold as some believe).
“The current decline in Bitcoin also mirrors the correction underway in U.S. technology stocks, though with noticeably higher volatility. As risk sentiment weakened across global markets, capital rotated away from growth-oriented and speculative assets, putting pressure on both tech equities and crypto,” says Lienkha. “Bitcoin’s amplified moves relative to stocks reinforce its status as a high-beta asset, meaning it tends to outperform during rallies but also suffers deeper drawdowns during periods of stress.”
He notes that there is a significant long squeeze underway as overleveraged traders sell. This creates a self-reinforcing spiral. He adds that selling pressure is coming from corporate holders, as many of the purchases have been made with leverage. Lienkha does not predict a floor in the selling.
Hyunsu Jung, CEO of Hyperion DeFi, a publicly traded digital asset treasury company, says the strategy of stockpiling Bitcoin and other digital assets is “starting to crack.” He believes this is exposing a structural flaw in the crypto treasury model. He also adds that his company has a different model that better manages the price decline.
If you ask AI (Grok/Gemini), Bitcoin could tank even further to $38,000, or, in worst-case scenarios, as low as $25,000. I guess the good news is Bitcoin won’t go to zero, but holding BTC is not for the faint of heart.
