Jack Mallers says BTC will not go to $0, citing its resilience

Strike founder and Twenty One Capital CEO Jack Mallers has pushed back against a claim from Barstool Sports founder Dave Portnoy that Bitcoin (BTC) "looks like it's going to $0" amid its temporary dip below $60,000. Writing on X, Mallers argued that BTC has faced predictions of its demise throughout multiple crises over the past 13 years, including the collapse of Mt. Gox and the bankruptcy of FTX, yet has grown into an asset with a market capitalization of over $1 trillion. He added that BTC was his most valuable investment over that period. Mallers stated that Bitcoin does not require anyone's opinion or permission and that investing with conviction is a personal choice. He concluded that if one believes governments will not continue to devalue their currencies, they should sell all their BTC.