Bitcoin Is Not Going To Zero

Uttam Dey5.51K FollowersFollow5ShareSavePlay(9min)CommentsSummaryBitcoin remains fundamentally sound despite recent volatility and recent fears of the price falling to zero, with zero change to its governance in scarcity, durability, or network effects.In reality, Bitcoin's price action is heavily influenced by global liquidity, Fed policy, and macroeconomic uncertainty, which have been bearing down on Bitcoin, not by changes in core fundamentals.Data shows that spot interest is returning to Bitcoin while selling is gradually normalizing, creating rare setups to cost average into.I maintain a tactically bullish stance, cost-averaging at current levels but prepared to trim positions if sharp rallies occur.Risks remain elevated due to potential Fed hawkishness, inflation surprises, and persistent volatility through the year. Yoshikitaima/iStock via Getty Images Investment Thesis At the time of writing this thesis, Bitcoin (BTC-USD) has lost almost a quarter of its value since the start of the year and is down 46% since it topped out at anThis article was written byUttam Dey5.51K FollowersFollowUttam is a growth-oriented investment analyst whose equity research primarily focuses on the technology sector. Semiconductors, Artificial Intelligence and Cloud software are some of the key sectors that are regularly researched and published by him. His research also focuses on other areas such as MedTech, Defense Tech, and Renewable Energy. In addition, Uttam also authors The Pragmatic Optimist Newsletter along with his wife, Amrita Roy, who is also an author on the newsletter as well as on this platform. Their newsletter gets regularly cited by leading publications such as the Wall Street Journal, Forbes, etc. Prior to publishing his research, Uttam worked in Silicon Valley, leading teams for some of the largest technology firms in the world, including Apple and Google.Analyst’s Disclosure: I/we have a beneficial long position in the shares of BTC-USD, IBIT either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article. Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.