Bystro Sports Founder: 'Bitcoin Will Be Worth Zero Dollars… If I'm Wrong, Argue Against Me'

According to blockchain media Today, Bystro Sports founder Dave Portnoy expressed a pessimistic outlook, stating, 'Bitcoin seems to be heading toward zero.' He challenged long-position holders to explain their views as the cryptocurrency market rapidly declined. Bitcoin fell below $60,000, marking its lowest level since October 2024, while MSTR shares and STRC hit multi-month lows. Derivatives markets saw massive losses, with over 169,000 traders liquidated and $8.69 billion in total settlements. On-chain indicators highlighted ETF fund outflows, panic-driven liquidations, and defensive positioning, while macroeconomic concerns about dollar strength and potential deflationary recessions emerged. Analysts warned investors lack preparation for looming market shifts.