An interesting feature of bitcoin is that it can't afaik become insolvent.
Objectively it's worthless, that's a given. But as long as chumps still want to speculate on it, it will get some price support. And so there will always be some incentive for miners to step in and keep it running. That's not the same as a stock, which can definitely go to zero when the underlying company becomes bankrupt.
The question I guess is how long until it just moves to a corner somewhere where suckers and scammers play a little game with each other, and what price will it settle on there?
Objectively it's worthless, that's a given. But as long as chumps still want to speculate on it, it will get some price support. And so there will always be some incentive for miners to step in and keep it running. That's not the same as a stock, which can definitely go to zero when the underlying company becomes bankrupt.
The question I guess is how long until it just moves to a corner somewhere where suckers and scammers play a little game with each other, and what price will it settle on there?