Why Bitcoin is Crashing Toward a Zero Dollar Target [Prime Cyber Insights]

[00:00] Aaron Cole: We are tracking a major event in the digital asset space today as Bitcoin faces a brutal liquidation, dropping to historic lows near the $60,000 mark. [00:11] Lauren Mitchell: This isn't just a minor correction, Aaron. [00:13] Lauren Mitchell: We're looking at a token that has lost nearly 50% of its value in just four months, wiping out every gain since the 2025 election. [00:22] Aaron Cole: The sentiment on the street is turning grim. [00:25] Aaron Cole: Richard Farr, from Pivotus Partners, is making waves by setting a price target of zero. [00:31] Aaron Cole: He's not doing it for shock value. [00:33] Aaron Cole: He claims that is where the math takes us as the narrative of Bitcoin as a safe haven collapses. [00:38] Lauren Mitchell: Right. [00:39] Lauren Mitchell: Aaron, that math is tied to what Michael Burry is calling a death spiral. [00:44] Lauren Mitchell: Burry, who famously predicted the 2008 housing crash, suggests that as people gamble on gold futures, [00:51] Lauren Mitchell: the physical metals may break away, triggering a collapse for Bitcoin, which Far argues is [00:57] Lauren Mitchell: now just a speculative instrument tied to the NASDAQ. [01:01] Aaron Cole: It's a massive blow to the digital gold argument. [01:04] Aaron Cole: Beyond the market math, the physical infrastructure is failing too. [01:07] Aaron Cole: Miners are being squeezed by winter storms and high electricity prices. [01:12] Aaron Cole: They are literally unplugging their equipment because it's no longer profitable to stay online. [01:17] Lauren Mitchell: Aaron, the environmental critique from far is also biting. [01:21] Lauren Mitchell: He's calling out the massive energy and water consumption of mining, saying there is nothing green about this coin. [01:27] Lauren Mitchell: When you combine that with worsening U.S. jobs numbers, we're seeing capital flee speculative assets at an alarming rate. [01:34] Aaron Cole: Lauren Farr also pointed out a structural risk regarding Michael Saylor. [01:38] Aaron Cole: He argued that no serious central bank will want to own an asset where a single corporate treasury controls such a significant portion of the float. [01:46] Aaron Cole: It makes the market feel far too centralized and volatile for institutional stability. [01:50] Lauren Mitchell: Exactly. [01:50] Lauren Mitchell: Exactly. And analysts from Deutsche Bank and FG Nexus are echoing that. [01:56] Lauren Mitchell: They say Bitcoin is no longer trading on hype. [01:59] Lauren Mitchell: It's trading on pure liquidity. [02:01] Lauren Mitchell: The story has lost the plot, and traditional investors are simply losing interest as the pessimism grows. [02:07] Aaron Cole: It's a sobering look at the reality of digital risk in a tightening market. [02:13] Aaron Cole: This has been a flash update from Prime Cyber Insights. [02:19] Lauren Mitchell: Thank you for joining Aaron and me for this analysis. [02:21] Lauren Mitchell: Visit PCI.neuralnewscast.com for more in-depth reporting. [02:26] Lauren Mitchell: Stay resilient out there. [02:28] Lauren Mitchell: Neural Newscast is AI-assisted, human-reviewed. [02:32] Lauren Mitchell: View our AI transparency policy at neuralnewscast.com.