How Crypto Could Go To Zero Cryptocurrencies could go to zero if everyone stopped using them, but the journey is more interesting than the destination.

Thursday, November 24, 2022 • 6:40 EST

That, in five words, is how crypto would go to zero. Although fewer people will use crypto as a result of the collapse, it is very hard to imagine the number will be small enough to take its value to zero. To take out crypto entirely would require killing the underlying blockchain layers. When failed, it wiped another $200bn off crypto’s market cap. An answer requires a sense of how the industry works. Big businesses have been built on top of this world, including exchanges, investment funds and lending platforms. It collapsed in May, wiping $200bn off the market capitalisation of crypto. The total market cap of cryptocurrencies is currently $820bn. (economist.com). Continue reading.