BITCOIN TO ZERO? MARKET ANALYST MAKES AN ARMAGEDDON-LIKE PREDICTION ABOUT WHERE IT'S HEADED

Anonymous said... BITCOIN TO ZERO? MARKET ANALYST MAKES AN ARMAGEDDON-LIKE PREDICTION ABOUT WHERE IT'S HEADED (seeking alpha.com)Richard Farr, chief market strategist and partner at Pivotus Partners, has issued a stark prediction for Bitcoin (BTC-USD), setting a price target of zero for the cryptocurrency. “Our BTC price target is 0.0. That’s not just for shock factor. It’s where the math takes us,” the strategist said, noting that Bitcoin (BTC-USD) has failed to function as a dollar hedge and instead operates as “a speculative instrument correlated to the Nasdaq.” According to Farr, the cryptocurrency faces insurmountable obstacles in gaining institutional adoption or serving as a legitimate medium of exchange. “No serious central bank will ever own something where Michael Saylor controls the float,” he said on X, referring to the Strategy (MSTR) executive who has accumulated massive bitcoin holdings. The strategist also criticized Bitcoin’s environmental impact, stating that miners “are bleeding cash” while the network remains “horribly inefficient as a transaction processor and wastes tremendous amounts of energy.” Farr’s assessment aligns with warnings from Michael Burry, the investor known for predicting the 2008 financial crisis, who cautioned that falling Bitcoin (BTC-USD) prices could trigger a self-reinforcing “death spiral.” Burry noted that Bitcoin, down more than 40% from its October peak, is now “exposed as a completely speculative asset” that does not qualify as a debasement hedge like gold (XAUUSD:CUR) or silver (XAGUSD:CUR). “Sickening scenarios have now come within reach,” the investor wrote in a Substack post. GRA:That's about right--zero. --GRA Friday, February 6, 2026 at 1:33:00 AM EST Anonymous said... jerry pdx People have made a killing with Bitcoin, at least the ones who got in on the ground floor and are profiting off the marks who are getting into it later on. If you do make a significant profit, best thing to do is convert to cash, which you can do but will have to pay capital gains, and possibly state taxes. N.S.: That's a classic Ponzi scheme scenario, Jerry. Friday, February 6, 2026 at 6:22:00 PM EST Anonymous said... Back up to $70,000 today. EVERYTHING up today,except P.T.'s approval ratings(according to msm). --GRA Friday, February 6, 2026 at 10:37:00 PM EST