Bitcoin Has a Greater Probability of Reaching $1,000,000 Than Falling to $0, Says Expert

According to Austin Arnold, founder of Altcoin Daily, Bitcoin is more likely to hit a price of $1,000,000 than to crash down to $0.

Key Takeaways

Bitcoin currently trades at $66,700, a drop of 48% from its all-time peak.
The founder of Altcoin Daily believes BTC is more likely to reach $1M than plummet to $0.
Institutional investment, exchange-traded funds (ETFs), and public companies boost Bitcoin's market presence.
Historical data indicates Bitcoin typically rebounds from corrections, supporting a bullish long-term outlook.

Bitcoin

Currently, Bitcoin is trading at $66,700, down 48% from its all-time high. Some pessimistic analysts, such as Peter Schiff and Bloomberg's Mike McGlone, have suggested that the price could fall to zero. Schiff argues that Bitcoin holders should consider selling now, while prices are still above $60,000, predicting an eventual decline to zero. However, many bullish advocates disagree, arguing that Bitcoin has a greater chance of reaching new record highs rather than collapsing.

Response to Predictions of Total Collapse

Arnold's views sparked discussions among cryptocurrency commentators, many of whom concurred that a total collapse of Bitcoin is improbable. One user remarked that if Bitcoin were to dip to $0, buyers would hastily purchase all available supply, suggesting a wave of new investors eager to buy cheap. User @Avxy6868 commented, "If BTC reaches $0, we’re gonna buy the entire supply," indicating a potential surge in demand rather than a continued decline.

Another commentator, @Vault, noted that the discussion of a "zero" scenario effectively concluded after Bitcoin reached a level of institutional acceptance. He pointed out the increasing number of public companies, like BlackRock, that now hold Bitcoin.

Since 2024, significant investments have flowed into Bitcoin via spot ETFs. Many businesses have even chosen Bitcoin as a treasury asset. For context, ETFs currently hold around 1.45 million BTC valued at approximately $96 billion, while public companies hold about 1.088 million BTC, worth over $34.55 billion. Private companies have approximately $28 billion in Bitcoin as well. This marks Bitcoin's strong integration into global financial markets.

Massive institutional presence in Bitcoin

From this perspective, for Bitcoin to drop to $0, a complete failure of global internet infrastructure would be required. Conversely, reaching $1 million would merely necessitate ongoing adoption and monetary expansion over time. Some experts anticipate this milestone could occur between 2028 and 2032 but recognize it might 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.” 🚀 — MacroPulse Weekly on February 25, 2026

Historical Performance of Bitcoin

Bitcoin is currently trading around $66,700. Sixteen years ago, back in July 2010, it exchanged hands for as low as $0.04865. In October 2025, it reached a peak price of $126,200 during a previous cycle's high.

This long-term price growth has reinforced the belief of many investors, who view each market correction as just a temporary phase within a broader upward trend. Historically, following sharp declines, Bitcoin has tended to recover to new highs over several years.

Reflection of Michael Saylor’s $1M Prediction

Arnold’s insights resonate with the viewpoint of Michael Saylor, executive chairman of Strategy. Recently, Saylor reiterated his binary perspective on Bitcoin, asserting that if BTC isn't headed to $0, it is, in fact, on its way to $1 million.

Strategy holds 717,722 BTC, having an average purchase price of $76,020 per coin. Though the firm is currently facing a paper loss of $6.97 billion, it remains committed to purchasing additional Bitcoin, asserting that they will never sell, even if the price reaches $1 million.

The prediction of Bitcoin reaching $1 million is largely based on its limited supply of 21 million coins. Proponents argue that as more institutions invest and global monetary flow increases, the constrained supply could significantly drive up prices.

Disclaimer: This article is meant for informational purposes only and should not be interpreted as financial advice. The opinions expressed herein may reflect the author's personal views and do not necessarily represent those of The Crypto Basic. Readers are urged to conduct their own research prior to making any investment choices. The Crypto Basic disclaims any responsibility for financial losses.