People thought $BTC will go up to 100-300k according to fractal from 2018. It didn't happen.
Now they also think $BTC will go down 80% from ATH. Good luck waiting.
its actually pretty unusual for crypto projects to actually go to *zero*
usually coins get sold until there are no more sellers and no more new buyers, and the coin becomes a zombie โ death by apathy
in luna case, there is literally infinite sell pressure until absolute zero
Currently, $LUNA's circulating supply is 6.5 TRILLION as a result of hyper-inflation. If $LUNA reaches it's ATH price, the market cap will be 773 Trillion USD. With current inflation, UST is still at $0.15. Very challenging to regain peg imo.
Jokes aside, if we think about it. When the USD weakens (due to inflation or war or other external factors), BTC will be a safe haven to maintain asset value