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Prominent Economist Steve Hanke Warns Bitcoin Has 'Zero Fundamental Value'

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Bitcoin news: Prominent economist Steve Hanke has again criticized Bitcoin, calling it an asset with "zero fundamental value." In a December 16 X post, he linked Bitcoin’s recent price drop below $86,000 to its volatility and lack of intrinsic worth. Hanke remains opposed to Bitcoin’s use as legal tender and has dismissed ideas like a U.S. Bitcoin reserve. Bitcoin analysis shows a 4% single-day decline, continuing a pullback from its October 2025 high of $126,000.
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