Bitcoin’s Fundamental Value Questioned Amid Price Fluctuations

Steve Hanke, a professor at Johns Hopkins University, asserted on December 16, 2025, that Bitcoin lacks fundamental value amid its price decline below $86,000.

Hanke’s statement reignites debates over Bitcoin’s value, potentially influencing market sentiment and investor decisions as the cryptocurrency continues experiencing volatility.

Bitcoin’s Value Debated Amid Volatility

Bitcoin’s value is in question following Steve Hanke’s claim of “zero fundamental value” as reported on December 16, 2025. The cryptocurrency’s price fell below $86,000, sparking debates over its speculative nature amid ongoing market volatility. Steve Hanke, a Professor of Applied Economics, stated on X (formerly Twitter) on December 16, 2025, that Bitcoin has “zero fundamental value” amid its price plunge below $86,000, calling it a “highly speculative investment devoid of fundamental worth.”

Market Reactions and Analyst Silence

Bitcoin’s price decline has prompted discussions among investors, as it recorded a 4% single-day loss, extending a four-day losing streak. The cryptocurrency trades below its October 2025 high, prompting concerns about its market stability. The financial implications of Bitcoin’s fluctuations are evident, influencing investor sentiment and market confidence. Criticisms from figures like Hanke add further pressure to the cryptocurrency’s perceived fundamental value in the financial arena.

Future Implications and Concerns

Despite the intense debates on Bitcoin’s fundamental worth, primary analyst responses have not been documented. The absence of rebuttals from prominent crypto figures underscores the current focus on Bitcoin’s intrinsic valuation concerns. Future outcomes for Bitcoin could depend on market trends and regulatory developments, shaping its role as a financial asset. Historical critiques suggest skepticism persists, and Bitcoin must weather technological and economic challenges to prove its true value.