Economist Steve Hanke has reiterated his criticism of Bitcoin, labeling it as an asset with "zero fundamental value." In a December 16 post, Hanke attributed Bitcoin's recent price drop below $86,000 to its inherent volatility and lack of intrinsic worth. He remains critical of Bitcoin's adoption as legal tender and dismisses proposals for a U.S. Bitcoin reserve. Bitcoin has experienced a 4% decline in a single day, continuing its downward trend from an October 2025 peak of $126,000. Hanke's comments highlight ongoing skepticism among some economists regarding Bitcoin's long-term viability and value.