The post Zero-dollar Bitcoin? A growing narrative is bubbling up appeared on BitcoinEthereumNews.com.

Skeptics say ‘Zero-Dollar Bitcoin’ as a new selloff revives brutal questions about utility, cash flows, and whether confidence alone can sustain its price/ Summary Commentators Buck Sexton and Richard Farr argue Bitcoin has no long-term value, no “fundamental floor,” and has failed as either money or a hedge. Critics frame Bitcoin as a reflexive high-beta tech proxy whose value depends on flows and belief, not cash flows or enforceable claims on real assets. The debate intensifies as BTC trades near the low-70k region alongside choppy ETH and SOL markets, underscoring crypto’s sensitivity to macro risk-off shocks. Bitcoin’s (BTC) latest drawdown has revived an old, brutal question: could the world’s largest cryptocurrency ultimately be worth nothing? As prices slide and faith wobbles, a “Bitcoin to $0” thesis is again echoing through markets and media. Zero‑dollar thesis resurfaces The spark this week came from conservative commentator Buck Sexton, who wrote that “every time I ask a Bitcoin true believer to explain why they think it has any long-term value… I come away more certain that Bitcoin has no long-term value, and a floor price of zero.” His post went viral after Bitcoin tumbled more than 20% over the past week, amplifying a bearish narrative that critics have pushed for years. The core claim is simple: in a full confidence crisis, an asset with no cash flows and no legal claim on anything tangible has “no ‘fundamental floor.’” Richard Farr, chief market strategist at Pivotus Partners, put it more bluntly, saying his firm’s Bitcoin target is “$0.0,” arguing it has “failed as a hedge against the dollar,” tracks high‑beta tech, and has not gained real traction as money. “The miners (who are the network) are bleeding cash,” Farr wrote. “We think it’s a zero.” Belief versus utility Long‑time antagonist Peter Schiff again contrasted…

---

Filed under: News - @ February 9, 2026 3:27 pm