China’s Stern Warning on Crypto: Bitcoin “will return to its original value, which is utterly worthless”

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A Chinese Communist Party (CCP) newspaper has warned investors should be prepared for the bitcoin price to hit zero. Bitcoin and cryptocurrencies have been rocked by a huge $2 trillion crash this year

“In the future, once investors’ confidence collapses or when sovereign countries declare bitcoin illegal, it will return to its original value, which is utterly worthless,” the Economic Daily newspaper wrote, it was reported by the South China Morning Post.

 

[Via]

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