St Louis Federal Reserve Publishes Report Explaning Why Bitcoin will not go to Zero

In a report published by the Federal Reserve Bank of St. Louis, the price of Bitcoin BTC is “not likely to fall to zero”. Considering both bullish and bearish scenarios, the future price of Bitcoin will most likely remain somewhere between the two. David Andolfatto and Andrew Spewak consider that the bullish case is too optimistic considering Bitcoin’s ever-growing demand with limited supply. They also conclude that the bearish case of Bitcoin falling to zero is also unlikely to happen.

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