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The chance of Bitcoin reaching $1,000,000 is higher than the chance of it dropping to $0, according to Austin Arnold, founder of Altcoin Daily.
The statement comes as Bitcoin now trades at $66,700, down 48% from its all-time high. Some bearish commentators, like Peter Schiff and Mike McGlone of Bloomberg, have predicted a drop to $0.
To Peter Schiff, the opportunity for holders is to sell now while the price is still around $60,000, claiming it will eventually go to zero. However, bulls have resisted such predictions. They believe there is a stronger possibility for Bitcoin to reach new price milestones than to collapse to zero.
Key Points
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Bitcoin trades at $66,700, down 48% from its all-time high.
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Altcoin Daily founder says $BTC is more likely to reach $1M than fall to $0.
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Institutional adoption, ETFs, and public firms strengthen Bitcoin’s market position.
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Historical trends show $BTC rebounds after corrections, fueling long-term bullish outlook.
“We’ll Buy the Entire Supply at $0”
Arnold’s statement drew reactions from crypto commentators, who largely agreed that a total collapse scenario appears increasingly unlikely.
One user argued that if Bitcoin were to somehow fall to zero, buyers would rush to acquire the entire supply. “If $BTC reaches $0, we’re gonna buy the entire supply,” X user @Avxy6868 remarked.
This suggests the financial world would witness a generational FOMO to enter Bitcoin cheaply again, which would likely push the price up rather than down to $0.
Another commenter, @Vault, suggested that the “zero” argument effectively ended once Bitcoin achieved institutional scale. He pointed to the growing presence of public companies holding $BTC, such as BlackRock.
Indeed, since 2024, massive capital has flowed into $BTC through spot exchange-traded funds. During this time, many firms adopted $BTC as a treasury asset.
For context, ETFs hold 1.45 million $BTC worth $96 billion, public firms hold 1.088 million $BTC worth over $34.55 billion, and private firms hold $28 billion in Bitcoin.
This is evidence that Bitcoin is now deeply embedded in global financial markets.
According to this view, a move to $0 would require a complete failure of global internet infrastructure. Meanwhile, a move to $1 million would simply require continued adoption, monetary expansion, and time.
Some participants project that such a milestone could arrive between 2028 and 2032, though they acknowledge it may take longer.
100%, the earliest we'll get there is 2028. I definitely don't think we'll get there that early, (probably by 2032), but we WILL get there. 🚀 pic.twitter.com/kCCvbB76Yv
— MacroPulse Weekly (@Macropulse98) February 25, 2026
Bitcoin Historical Context
Bitcoin is currently trading around $66,700. Sixteen years ago, in July 2010, it changed hands for as little as $0.04865. In October 2025, it climbed as high as $126,200 during the previous cycle peak.
That long-term price expansion has strengthened the conviction of many holders, who see each drawdown as temporary within a broader uptrend. Even after sharp corrections, Bitcoin has historically rebounded to new highs over multi-year cycles.
Echoes of Michael Saylor’s $1M Thesis
Arnold’s comments closely mirror the stance of Michael Saylor, executive chairman of Strategy. Last week, Saylor reiterated his binary outlook for Bitcoin, saying if $BTC is not going to zero, it is ultimately heading to $1 million.
Strategy currently holds 717,722 $BTC at an average purchase price of $76,020 per coin. Despite being on a paper loss of $6.97 billion, the firm has continued to buy more, stating it will never sell $BTC, even if the price reaches $1 million.
Notably, the $1 million Bitcoin prediction is based on its fixed supply of 21 million coins. Fans argue that as more institutions join and global money flows in, the limited supply could push prices up sharply.