Bitcoin ‘heading to zero’, says China state media

The cryptocurrency is nothing more than a string of digital codes, report says

While the turbulence in markets continue due to current global downturn, cryptocurrencies seem to have taken a major hit especially after last week’s plunge.

Bitcoin, the world’s largest cryptocurrency, dropped below $20,000 last Saturday to its lowest level in 18 months, extending its slide as investors pulled back from riskier assets amid rising interest rates.