Early Bitcoin Core Developer: 99% of Digital Assets Will Eventually Go to Zero On July 28, 2026, early Bitcoin core developer Jeff Garzik @jgarzik stated on the Bitcoin Treasuries podcast that 99% of digital assets will inevitably go to zero. He believes that with zero creation

What happened

Early Bitcoin core developer Jeff Garzik said on the Bitcoin Treasuries podcast that 99% of digital assets will inevitably go to zero, believing no new assets will be created.

Confirmed

Global impact / market context

If investors believe most crypto tokens will become worthless, they may pull money from those assets, increasing sell pressure and raising risk for funds that hold a broad range of digital currencies.

Analyst inference

The crypto market is currently experiencing high volatility and heightened regulatory scrutiny, so a stark claim from a respected developer can amplify uncertainty and affect pricing across many tokens.

Analyst inference

What to watch

1. Any follow‑up remarks from Jeff Garzik that clarify or modify his zero‑creation view, which would signal whether his comment was a one‑off or a broader thesis. Proposed
2. Short‑term price movements of major cryptocurrencies, especially Bitcoin, to see if the comment triggers a measurable sell‑off or defensive buying. Proposed
3. Responses from other industry figures or regulators that reference asset survivability, indicating whether the claim influences broader market sentiment. Proposed

Affected assets

• BTC — Bitcoin

Evidence

• x.com