Recent analysis from major banking institutions suggests that bitcoin could become worthless in the long term. Several financial experts from leading banks have expressed concerns about the cryptocurrency\“s sustainability and inherent value.
The volatility of bitcoin remains a significant concern for traditional financial institutions. Many banks point to the lack of underlying assets and regulatory uncertainty as factors that could lead to bitcoin becoming worthless over time.
Banking analysts emphasize that while blockchain technology has value, the specific cryptocurrency bitcoin faces substantial risks. The potential for government regulation and competition from central bank digital currencies could render bitcoin worthless in the future financial landscape.