Peter Zeihan
Resolved (2)
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Asked the BTC price (~$16,000), Zeihan said it has 'another $17,000 to go down' — i.e. an implied drop below zero — and that Bitcoin has no intrinsic value and is 'starting to be priced appropriately' as it falls.
“What's Bitcoin at, $16,000? It has another $17,000 to go down.”
Claimed another $17,000 of downside (implied below zero) from ~$16,942; BTC only dipped to $16,904 then rallied to $126,296.
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Zeihan predicted Bitcoin's USD price would eventually 'go negative' / that it is 'worth negative $1,000', arguing there is 'no intrinsic value to this product' and it will ultimately go to zero.
“There's no intrinsic value to this product ... It has another $17,000 to go down ... [Bitcoin is] actually worth negative $1,000.”
Predicted BTC goes to zero/negative ($17k more down from $16,942); instead it rallied to a high of $126,296 and never went negative.