Crypto community refutes FT column predicting BTC will fall to $0

The cryptocurrency community is pushing back strongly against a Financial Times (FT) column that argued Bitcoin is overvalued in the $70,000 range and will eventually fall to zero, U.Today reported. FT columnist Jemima Kelly reportedly compared BTC holders to the protagonist of the French film 'La Haine,' who, while falling from a skyscraper, comforts himself by saying "so far, so good" before ultimately shattering on the ground. In response, the crypto community has voiced widespread criticism. One user on X suggested that articles from media they described as outdated, incompetent, and arrogant are a bullish signal for BTC's price. Other industry commentators echoed this sentiment, viewing the FT's declaration that Bitcoin is dead as a positive outlook.