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Robert Prechter says Bitcoin is going to zero

Bitcoin Reddit

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I just watched an interview with him on Alessio Rastani's YouTube channel. I'm unsure whether I'm allowed to directly link the video, but it's easy to find.

Please note: I am not wholly in agreement with Prechter's claims before I get lynched.

It's a fascinating take by Prechter as he initially says he was marvelled by Bitcoin's premise having been aware if it when it was in the cents, but he then goes on to claim it's doomed to fail.

The bit I agree with: 2024 will be ugly (IMO a recession comes, unemployment spikes, TradFi dumps).

The bit I massively disagree with: "someone will invent a better coin".

One of the best ways to survive in the markets and life in general is to hear all views available to you, even those you oppose. There are too many people on this sub with their heads in the clouds believing the only way is up.

As positive as I am on Bitcoin and its value proposition, nothing is guaranteed.

submitted by /u/bobbyv137
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