Expert Says Bitcoin More Likely to Hit $1 Million Than Fall to $0

▲ Bitcoin (BTC), U.S. Dollar (USD), Wall Street/AI-generated image

Recently, a bold analysis has emerged in the cryptocurrency market suggesting that Bitcoin (BTC) is far more likely to reach $1 million than to collapse to $0.

According to crypto-focused outlet The Crypto Basic on February 25 (local time), Austin Arnold, founder of the virtual asset YouTube channel Altcoin Daily, assessed that although Bitcoin is currently experiencing high volatility, its long-term growth potential remains intact. Arnold emphasized that as Bitcoin has become deeply embedded in the global financial system, it is more likely to set new price milestones than to disappear entirely.

Recently, some pessimists such as Peter Schiff and Bloomberg’s Mike McGlone have argued that Bitcoin will eventually converge to $0 and that investors should sell even now. However, Arnold and other bullish analysts counter that such a scenario lacks realism. One market participant stated, “If Bitcoin were to approach $0, investors around the world would rush to scoop up the entire supply,” adding that such strong bargain-buying demand would drive the price back up.

A key argument against Bitcoin ever reaching $0 lies in its already achieved “institutional-scale” expansion. The launch of spot ETFs by major asset managers such as BlackRock and Bitcoin holdings by publicly listed companies have elevated the digital asset to a core component of global financial markets. Currently, spot crypto ETFs hold approximately 1.45 million BTC, and when combined with holdings by public and private companies, the total amounts to hundreds of billions of dollars. Experts note that for Bitcoin to fall to $0, the global internet infrastructure would have to completely collapse, whereas reaching $1 million could be sufficiently supported by broader adoption, currency depreciation, and the passage of time.

This outlook aligns with the thesis of Michael Saylor, chairman of Strategy. Saylor has long maintained a binary view that unless Bitcoin goes to zero, it will ultimately head toward $1 million. Strategy currently holds 717,722 BTC and is recording billions of dollars in unrealized losses, yet it remains steadfast in its commitment never to sell—even if the price reaches $1 million. The capped supply of 21 million coins and the continuous inflow of institutional capital provide a strong foundation for such optimism.

Historically, Bitcoin has consistently charted an upward trajectory, achieving new highs after sharp corrections. The rise from just $0.04865 in July 2010 to $126,200 in October 2025 has further strengthened the conviction of long-term holders. Although short-term price fluctuations are inevitable, the accelerating combination of asset scarcity and integration with global financial infrastructure has led many to conclude that it may only be a matter of time before Bitcoin solidifies its status as true “digital gold” and reaches the $1 million milestone.

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