The post Crypto Analyst Warns Bitcoin Could Hit Zero, Lays Out 16-Step ‘Doomsday’ Scenario appeared first on Coinpedia Fintech News
Bitcoin just posted its worst single-day loss event ever recorded, and one crypto analyst believes the market is staring down a path that ends at zero.
Jacob King, founder of SwanDesk, laid out a 16-step breakdown of how Bitcoin could enter what he calls a “worst-case, totally catastrophic domino effect of cascading failures.”
BTC crashed toward $60,000 today, with on-chain data showing $3.2 billion in realized losses on February 5 alone.
That figure is larger than what investors lost during the Terra-Luna crash or the FTX bankruptcy, making it the most severe single-day capitulation event in Bitcoin’s history.
What Does King’s Bitcoin Doomsday Look Like?
King’s scenario begins with exchange liquidity collapsing under sustained ETF outflows, creating what he describes as a “self-reinforcing capitulation loop.” Retail investo
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