--- title: "As Crash Deepens, Investors Say Bitcoin Is Headed for Zero Dollars" description: "Analysts aren't presumably hopeful about an imminent recovery of Bitcoin, with some expecting the absolute worst." date: "2026-02-06" modified: "2026-02-06" authors: - name: "Victor Tangermann" job_title: "Senior Editor" link: "https://futurism.com/authors/victor" url: "https://futurism.com/future-society/crash-bitcoin-headed-zero-dollars" categories: - "Future Society" --- # As Crash Deepens, Investors Say Bitcoin Is Headed for Zero Dollars ![Text on red background of declining chart that reads "$0.00."]() *Getty / Futurism* Mainstream cryptocurrency Bitcoin is being eviscerated this week. The token tanked to a historic low, [coming eerily close to as little as $60,000]() on Thursday evening. That's well under *50 percent* down from its all-time high a mere four months ago. While the crypto has since bounced back to around the $68,000 mark, it comes at a grim cost: it's now wiped out *all* of its gains since president Donald Trump won the presidential election in late 2025. Analysts aren't presumably hopeful about an imminent recovery, with some expecting the absolute worst. "Our BTC price target is 0.0," Pivotus Partners chief market strategist and partner Richard Farr [tweeted](). "That’s not just for shock factor. It’s where the math takes us." Farr said he concurred with Michael Burry, who famously shorted the US housing market before its collapse in 2008, and [recently warned]() in a [Substack post]() that further losses for Bitcoin could result in a "death spiral." Farr pointed to Bitcoin following similar trends to a larger US stock downturn, suggesting it's no longer the safe haven it was once claimed to be, arguing that it operates as a "speculative instrument correlated to the Nasdaq" instead. The crypto bear argued that "no serious central bank will ever own something where Michael Saylor controls the float," referring to the CEO of Strategy, the largest corporate Bitcoin treasury. Farr also criticized the token for being [damaging to the environment](), as mining it requires copious amounts of energy and water. "Nothing 'green' about this 'coin,'" Farr wrote mockingly. "We think it's a zero." In a [follow-up post on LinkedIn](), Farr argued that worsening US jobs numbers could cause even more money to "come out of speculative assets, than in," which led him to feel "increasingly emboldened" about his zero-dollar call. He also pointed to crypto miners, who were already squeezed by winter storms driving up electricity prices, [being forced to close up shop]() amid the crash. "We think we are only in the early innings of the crypto correction," Farr wrote. In his Substack post, Burry noted that a recent crash in gold prices — following a historic surge — appeared to be linked to Bitcoin's ongoing demise. As people continue to gamble on gold futures, Burry argued that "physical metals may break from the trend on safe haven demand," triggering a "death spiral"-like collapse. Considering Bitcoin's enormous swings over the last couple of months, it's likely not the end of the ride for the infamously volatile digital token. Farr clearly isn't alone in predicting further losses. "This steady selling in our view signals that traditional investors are losing interest, and overall pessimism about crypto is growing," Deutsche Bank analyst Marion Laboure wrote in a note to clients, as [quoted by *CNBC*](). "Bitcoin isn’t trading on hype anymore, the story has lost a bit of that plot, it is trading on pure liquidity and capital flows," FG Nexus CEO of digital assets Maja Vujinovic added. **More on Bitcoin:** [*Bitcoin Is Crashing So Hard That Miners Are Unplugging Their Equipment*]() ## Author I've been at Futurism since 2017, where my role has evolved to encompass design, writing, and increasingly editing. I've always been fascinated by space exploration and advanced transportation, which I've leaned into by interviewing luminaries in those fields while closely following the dimensions of policy and regulation that allow next-generation projects to succeed -- or, sometimes, to fail. I'm also keenly interested in the effects of generative AI on society, policies, and democratic institutions, as well as clean energy, physics and biology, and the vagaries of tech leadership. My work for Futurism has been cited by publications including Ars Technica, Gizmodo, PC Magazine, Jalopnik, Fox News, and the New York Post. I spent my childhood living in locations including Manila, the Philippines, and Geneva, Switzerland, attended McGill University, and now live in Toronto, Canada. Before Futurism I worked at AskMen and a small photography studio. In my free time, I'm an avid gardener, foodie, and craft beer lover, as well as a maker of artisanal hot pepper sauces. I have a magnificent dog named Freida. ### Author social links [Bluesky]()