The possibility of Bitcoin reaching $1,000,000 is greater than the possibility of it dropping to $0, in response to Austin Arnold, founding father of Altcoin Day by day.
The assertion comes as Bitcoin now trades at $66,700, down 48% from its all-time excessive. Some bearish commentators, like Peter Schiff and Mike McGlone of Bloomberg, have predicted a drop to $0.
To Peter Schiff, the chance for holders is to promote now whereas the value continues to be round $60,000, claiming it’ll ultimately go to zero. Nevertheless, bulls have resisted such predictions. They imagine there’s a stronger chance for Bitcoin to achieve new worth milestones than to break down to zero.
Key Factors
Bitcoin trades at $66,700, down 48% from its all-time excessive.
Altcoin Day by day founder says $BTC is extra prone to attain $1M than fall to $0.
Institutional adoption, ETFs, and public corporations strengthen Bitcoin’s market place.
Historic traits present $BTC rebounds after corrections, fueling long-term bullish outlook.
“We’ll Purchase the Complete Provide at $0”
Arnold’s assertion drew reactions from crypto commentators, who largely agreed {that a} complete collapse situation seems more and more unlikely.
One person argued that if Bitcoin have been to one way or the other fall to zero, patrons would rush to amass the whole provide. “If $BTC reaches $0, we’re gonna purchase the whole provide,” X person @Avxy6868 remarked.
This means the monetary world would witness a generational FOMO to enter Bitcoin cheaply once more, which might doubtless push the value up slightly than right down to $0.
One other commenter, @Vault, advised that the “zero” argument successfully ended as soon as Bitcoin achieved institutional scale. He pointed to the rising presence of public corporations holding $BTC, equivalent to BlackRock.
Certainly, since 2024, huge capital has flowed into $BTC by way of spot exchange-traded funds. Throughout this time, many corporations adopted $BTC as a treasury asset.
For context, ETFs maintain 1.45 million $BTC price $96 billion, public corporations maintain 1.088 million $BTC price over $34.55 billion, and personal corporations maintain $28 billion in Bitcoin.
That is proof that Bitcoin is now deeply embedded in world monetary markets.
Large institutional presence in Bitcoin
Based on this view, a transfer to $0 would require a whole failure of world web infrastructure. In the meantime, a transfer to $1 million would merely require continued adoption, financial growth, and time.
Some members challenge that such a milestone might arrive between 2028 and 2032, although they acknowledge it might take longer.
100%, the earliest we’ll get there may be 2028. I undoubtedly do not assume we’ll get there that early, (most likely by 2032), however we WILL get there. 🚀 pic.twitter.com/kCCvbB76Yv
— MacroPulse Weekly (@Macropulse98) February 25, 2026
Bitcoin Historic Context
Bitcoin is at the moment buying and selling round $66,700. Sixteen years in the past, in July 2010, it modified fingers for as little as $0.04865. In October 2025, it climbed as excessive as $126,200 in the course of the earlier cycle peak.
That long-term worth growth has strengthened the conviction of many holders, who see every drawdown as momentary inside a broader uptrend. Even after sharp corrections, Bitcoin has traditionally rebounded to new highs over multi-year cycles.
Echoes of Michael Saylor’s $1M Thesis
Arnold’s feedback carefully mirror the stance of Michael Saylor, government chairman of Technique. Final week, Saylor reiterated his binary outlook for Bitcoin, saying if $BTC shouldn’t be going to zero, it’s finally heading to $1 million.
Technique at the moment holds 717,722 $BTC at a median buy worth of $76,020 per coin. Regardless of being on a paper lack of $6.97 billion, the agency has continued to purchase extra, stating it’ll by no means promote $BTC, even when the value reaches $1 million.
Notably, the $1 million Bitcoin prediction is predicated on its fastened provide of 21 million cash. Followers argue that as extra establishments be a part of and world cash flows in, the restricted provide might push costs up sharply.
