A founding Bitcoin Core developer predicts most digital assets will lose all value due to oversupply and zero creation costs.
Early Bitcoin Core developer Jeff Garzik stated on July 28, 2026, that 99% of digital assets will eventually go to zero. He attributed this to the near-zero cost of creating new tokens, leading to excessive supply and inevitable devaluation under market forces.
Garzik noted that networks like Solana generate vast numbers of new tokens daily, flooding the market. While this creates a competitive environment, he argued it also ensures only high-quality projects survive, benefiting the broader industry.
The comments reflect long-standing debates over tokenomics and the sustainability of permissionless innovation in cryptocurrency markets.