HN Reader

Bitcoin gets a zero price target in wake of Burry warning

Sorry to be the bearer of bad news, but PoW is going to become a liability in a world of energetic production. It is irrational to spend the same amount of energy on mining a digital token when it can be used to build and power actual productive robots.

If Bitcoin Core decides this is true and alters the algo to save the chain, it too will lead to collapse as a Balkanization will occur across the mining pools. The most likely outcome is disintegration.

1 day agoby ArchieScrivener

Top comment of one of the standout Bitcoin-culture memes ->

"The best technical analysis anyone has done on bitcoin."

https://www.youtube.com/watch?v=XbZ8zDpX2Mg

1 day agoby aresant

https://archive.is/eS2Q3

> [Burry] warned that if prices fall another 10%, Strategy (MSTR) would be billions in the red and could “find capital markets essentially closed".

According to bloomberg [1] mstr is still trading at a 9% premium to the btc it owns. Why would bitcoin falling another 10% make a difference?

[1] https://archive.is/jQPYk

1 day agoby kristianp

> Bitcoin, down more than 40% from its October peak, is now “exposed as a completely speculative asset.”

“Now”? No; it’s always been a speculative asset. The only folks who didn’t think that were those who didn’t know any better.

1 day agoby garciasn

after seeing the recent surge of meme stocks, 0dte option trading, sports betting, prediction markets and funny internet coins, one thing is apparent is that people just love to gamble

so i don't believe it will ever go to zero as it has intrinsic value as a casino, if nothing else

1 day agoby thousand_nights

My prediction has always been that as soon as Tether is proved to be a fraud, the game is over. All of it will experience a massive sell-off.

1 day agoby kilroy123

FSB mirror: https://archive.ph/eS2Q3

1 day agoby thomassmith65

Gonna need to find a way to circulate this FUD further -- I'm annoyed the price is already jumping back up while I'm awaiting the glacial speed of the bank transfer of my paycheck this week to buy more.

The fact this is happening amid one of the smallest dumps from an ATH in Bitcoin's history is particularly amusing. 45%, compared to 80+ in prior cycles. And this time, while all major markets are melting down amid global liquidity hitting a wall.

6 hours agoby cykros

This implies there is underlying fundamental analysis that can be applied to Bitcoin price. There wasn't when it was going up. There isn't when its going down. It has always, and still is, based on pure vibes. The price could be anything.

1 day agoby cal_dent

Since I've been in it, this has happened in:

- early 2018

- March 2020

- Summer 2021

- Summer 2022

- mildly in Q1 2025

- now in early 2026

This has never happened before!

19 hours agoby andirk

I'm doubtful that Bitcoin true believers will give up after a crash and expect that there will be buyers. At what price, though?

1 day agoby skybrian

Are people moving to polymarket and other gambling products?

1 day agoby malshe

So, how many bitcoins to a pizza would that be?

1 day agoby zetanor

That's been my target for the last... wow... has it nearly been 18 years since I started futzing around with Bitcoin for the first time?

Been a swift drop this time. My buddy goes "if only I sold it all in October", what... like the rest of the people participating in the Ponzi scheme who would also like to cash out at the top?

Looks like all those stupid bitcoin treasury companies are finally unwinding.

At least no one's sitting around pretending it's going to actually do anything useful anymore.

1 day agoby codyb

One may think it is about quantum computers reversing the keys or something like that, but no.

This piece predicts that BTC will go to zero because it is held my MicroStrategy and is not a good hedge against stock market.

1 day agoby tgrowazay

I will buy every single bitcoin in existence for 1 cent each.

The fact my offer exists means a zero price target is dumb.

1 day agoby londons_explore

This article contains multiple lies. For starters, it is not the 5th of February. Also, 1 BTC = 1 BTC, or, in dollar terms, despite the claims, $64,400.

I didn't pay much attention to the rest of it but I can't imagine it was any better.

1 day agoby tom_

I see the https://occupywallst.com/yen narrative more believe

1 day agoby womitt