“The scenario of bitcoin going to zero does not exist anymore. BTC is playing much the same role as gold did in the early days of banking.” You’ve probably come across that exact post on X, shared by a scambot posing as a reply-guy — bait that leads to some fraudster posing as an analyst. Still, it’s true. The scenario of bitcoin going to zero really does not exist anymore. Obviously, I don’t need to convince you of that. But it wasn’t always this way. Bitcoin actually did go to zero on this day, 14 years ago, localized entirely on Mt. Gox, of course. Stacked against the swathes of scandals that plagued Mt. Gox, this ... (full story)