Steve Keen is an economist who predicted the 2008 financial crisis and now says, 'Bitcoin is going to zero!' Let's take a look at the experiences and logic he talked about in the interview, and you'll understand why he said these things: He had heard Max Kaiser and Stacey Herbert talk to him about Bitcoin a long time ago (when Bitcoin was priced at 1 pound). He didn't buy it at the time, but now he regrets saying, 'If I had bought it, I would have been rich long ago.'. But he still believes that Bitcoin will definitely go to zero, for one reason: electricity! What can we see from this experience? Everyone go and feel it for themselves. Then the logic of "electricity" he said was probably sprayed out and couldn't be found in the north. He said: The security of Bitcoin is maintained through 'mining', which consumes a huge amount of electricity. I learned from climate scientists that we will soon realize on Earth that we are using too much electricity and must significantly reduce it. The two easiest things to cut off then are cryptocurrency and international travel. So Bitcoin cannot survive without electricity and will directly return to zero. ” This logic has also been expressed, and it can only be said that courage is commendable. Economists' understanding of human operating mechanisms is surprisingly interesting. In addition, he also gave an example, It takes 10 minutes for a global computer to create an additional Bitcoin for each transaction. He also misunderstood the BTC mechanism: Bitcoin generates blocks every 10 minutes, which is not directly related to the number of transactions. Actually, do humans need to significantly reduce their electricity consumption? However, in the future, things like AI, data centers, and electric vehicles will only consume more electricity. Mining actually uses a lot of renewable energy (hydropower, solar energy, wind power), and can also help balance the power grid and utilize waste energy. More importantly, energy creation itself is also constantly evolving.