According to the source, a 2019 claim by an NYU professor that BTC would drop to zero has been contradicted by bitcoin setting a new all-time high above 73,000 in March 2024, indicating the asset has not trended toward zero over the period in question. Source: Yahoo Finance BTC-USD price data; Bloomberg reporting, March 2024. BTC remains far from zero in 2025 as U.S. spot bitcoin ETFs launched in January 2024 attracted multi-billion-dollar net inflows and deepened market liquidity, supporting price discovery and institutional participation. Source: U.S. SEC approval order, January 10, 2024; Bloomberg Intelligence ETF flow trackers, 2024. Despite severe drawdowns during the March 2020 COVID shock and the November 2022 FTX collapse, BTC prices later recovered, underscoring the risk of extrapolating zero-price predictions into long-term outcomes. Source: Yahoo Finance BTC-USD daily data; Reuters FTX chronology, November 2022. Trading takeaway: fade blanket zero calls and cross-check sentiment with objective drivers such as issuance reductions from the May 2020 and April 2024 halvings and ongoing ETF demand to frame risk-reward for BTC exposure. Source: BTC.com halving records; Glassnode issuance data; Bloomberg Intelligence ETF flow research, 2024.

According to the source, BTC is up 7.6x since 2020, highlighting multi-year strength that traders contextualize with cycle data. Source: the source. For reference, BTC opened 2020 near $7,200, closed 2020 around $28,900, and set an all-time high near $73,737 in March 2024. Source: CoinMarketCap historical data. The 2022 bear market low was near $15,500 in November 2022, a drawdown of roughly 77% from the November 2021 peak near $69,000. Source: CoinMarketCap historical data. Bitcoin’s April 20, 2024 halving reduced the block subsidy from 6.25 BTC to 3.125 BTC, tightening new issuance relative to prior cycles. Source: Bitcoin.org and Bitcoin Wiki. Taken together, the data show strong long-run appreciation alongside deep interim drawdowns, a profile traders use to frame position sizing and risk across cycles. Source: CoinMarketCap historical data and Bitcoin.org.

According to @caprioleio, Bitcoin ETFs have resumed buying more than the daily BTC supply (source: @caprioleio). The daily Bitcoin supply is the new BTC issued via block rewards, approximately 450 BTC per day since the April 2024 halving reduced the subsidy to 3.125 BTC per block (source: Bitcoin.org).