Bitcoin heading to zero, China warns investors

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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 $21,000 per digital coin on Saturday — a substantial drop from its record high of $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 sovereign countries…