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Investing

Could Bitcoin’s value go to zero?

Even more than stock markets, Bitcoin’s value is in a swoon. And along comes the chief economist and strategist from index investing giant Vanguard to make the claim that there’s a “decent probability that its price goes to zero.” Joe Davis bases his claim, paradoxically, on the bright future of blockchain technology (the principle behind Bitcoin), which could make possible government-backed blockchain dollars that would eclipse other crytocurrencies.