Bitcoin's value is driven by factors like government bans, energy consumption, and public trust.

From Nasdaq
March 12, 2025 07:01:51 AM:

Bitcoin, the first digital currency, has survived crashes and skepticism for over a decade. It aims to decentralize financial systems and has a market value of over $1.6 trillion. Factors like government bans, energy consumption, and public trust could potentially drive its value to zero. Despite risks, bitcoin’s scarcity, security, and institutional adoption give it value as a store of wealth. However, its value is ultimately based on market sentiment and could theoretically drop to zero if belief in it disappears.

Read more at Nasdaq: What Would Make Bitcoin Fall to Zero? 4 Things That Give It Value