The narrative that Bitcoin could fall to zero has gained significant traction as the cryptocurrency faces its latest downturn. Buck Sexton, a prominent American talk show host, recently declared that Bitcoin has no long-term value, arguing that its worth depends entirely on the next buyer paying more. His comments have resonated widely as Bitcoin's price has dropped over 20% in the past week.

Critics like Richard Farr of Pivotus Partners and Peter Schiff have amplified these concerns, with Farr setting a "$0.0" price target. They argue Bitcoin has failed as a hedge against the dollar, remains correlated to tech stocks, and lacks practical utility beyond storage and transfer. Schiff contends that Bitcoin's value is purely subjective, contrasting it with gold's physical utility. The mining sector's financial struggles have added fuel to these arguments, with critics pointing to cash flow issues and energy consumption concerns.

Market sentiment has turned decisively bearish, with the Crypto Fear & Greed Index dropping to 14 - its lowest level in six weeks. This pessimism has been compounded by the collapse of confidence in bullish forecasts from industry figures like Michael Saylor, whose prediction of Bitcoin reaching $10 million has been mocked as the market continues to slide. The recent $1.6 billion in liquidations following leveraged positions being wiped out has intensified the scrutiny on Bitcoin's long-term viability.

Despite the growing zero-dollar narrative, some institutional investors maintain a long-term bullish case. ARK Invest projects Bitcoin could reach between $950,000 and $1 million by 2030, representing 70% of a $28 trillion cryptocurrency market. However, the current market turmoil has exposed deep divisions about Bitcoin's fundamental value and future trajectory.

Quick Fact: Bitcoin's price fell over 20% in the past week amid growing zero-dollar narrative concerns.