Bitcoin Price Will Now Never Officially Go to Zero — Here’s Why

Wow.. thanks to Alistair Milne..

In a tweet on 9 July, an outspoken entrepreneur and bull Bitcoin Alistair Milne revealed that he ordered more than current supply of 18.25 million BTC ($174 billion) on the Bitfinex exchange.

Thanks to Alistair Milne, a large order of 18.52 million BTC on Bitfinex will prevent Bitcoin from dropping to $0.

Rather than fearing that Bitcoin will fall significantly, what appears to be more than an implicit move, Milne uploaded a screenshot of the Bitbinex order book.

Aside from the extraordinary possibility that network incentives won't let Bitcoin go down to near zero, cryptocurrencies aren't unattended.

As Cointelegraph reports, Peter Schiff's gold bug remains among those who believe that Bitcoin will eventually fall while gold wins.

What do you think?

Source:

Bitcoin Price Will Now Never Officially Go to Zero — Here's Why

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