Crypto
Economist who foresaw 2008 financial crisis warns bitcoin could end up worth zero
Economist Steve Keen, who is known for foreseeing the 2008 financial crisis, warned that bitcoin could ultimately fall to zero in value. He said bitcoin\'s security depends on energy-intensive computation, leaving it vulnerable to higher costs and to policy and regulatory pressure as countries seek to curb energy use. He also cited geopolitical risks to energy supply, questioned bitcoin\'s usefulness as money and flagged deflationary risks from fixed supply.
