Today we answer the question: Can Bitcoin Become Worthless?

We examine whether Bitcoin can become worthless, defining worthless as when no one subjectively sees value in something. We argue that historically money becomes worthless mainly through uncontrolled supply expansion and inflation—citing Weimar, Zimbabwe, Venezuela, and noting the U.S. dollar has lost 97% of its purchasing power since 1913 alongside roughly 1000x money-supply growth. Bitcoin was designed to remove this failure mode with a fixed 21 million supply and a known issuance schedule that governments and central banks cannot change, making inflationary collapse structurally impossible. We say Bitcoin would instead need the network to stop functioning, its security to fail (e.g., quantum threats or a sustained 51% attack), or global demand to disappear. We claim these are unlikely given Bitcoin’s distributed design, high uptime, rising hash rate, evolving protocol, and growing adoption driven by scarcity, censorship resistance, borderless transfer, and predictable policy.

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