Bitcoin Heading To Zero, China Warns Investors

BEIJING, June 25 (IANS): As cryptocurrencies reel under the global downturn, Chinese state-run newspaper Economic Daily has warned investors that the price of leading cryptocurrency Bitcoin is "heading to zero". The warning came as the cryptocurrency market continued to face meltdown with Bitcoin hovering around USD 21,000 per digital coin on Saturday - a substantial drop from its record high of USD 68,000 in November last year. "Bitcoin is nothing more than a string of digital codes, and its returns mainly come from buying low and selling high," the newspaper said. "In the future, once investors' confidence collapses or when…