Bitcoin
BTC
and cryptocurrencies have suffered a catastrophic price crash over the last year—with 2023 already off to a tricky start.

Subscribe now to Forbes’ CryptoAsset & Blockchain Advisor and successfully navigate the latest bitcoin and crypto market crash

The bitcoin price has dropped to under $17,000 per bitcoin, down from almost $70,000 in late 2021 (though one viral memecoin has rocketed into the new year).

Now, as serious survival fears swirl around some of the world’s biggest bitcoin and crypto companies, geopolitical strategist Peter Zeihan has outlined how the bitcoin price could fall below zero.

It’s in a brutal bear market that you need up-to-date information the most! Sign up now for the free CryptoCodex—A daily newsletter for traders, investors and the crypto-curious that will keep you ahead of the market

MORE FROM FORBESBillionaire Mark Cuban Issues Looming ‘Implosion’ Bitcoin And Crypto WarningBy Billy Bambrough

Bitcoin “serves no purpose, it’s not a store of value, it’s not a medium of exchange and as we’ve seen if you want to decentralize outside of government control it’s a haven for fraud,” Zeihan, author of The Accidental Superpower, told podcaster Joe Rogan.

“[Crypto] is now in the process of going to zero except for bitcoin which will probably go negative because if we’re moving into a…