Early Bitcoin Core Developer Jeff Garzik Says 99% of Digital Assets Will Go to Zero

Jeff Garzik doesn’t mince words. The early Bitcoin Core developer told the Bitcoin Treasuries podcast on July 28, 2026, that 99% of digital assets are destined to hit zero.

It is a number that reframes every altcoin rally, every meme coin launch, and every venture fund thesis around tokenomics. The original report on WuBlockchain captured the stark claim. Garzik’s logic cuts straight to the core of supply and demand.

He points to networks like Solana that now churn out tens of thousands of new tokens daily with essentially zero creation cost. Permissionless innovation has removed every barrier to entry, which sounds like a feature until you realise the downstream effect.

When anyone can mint a token in seconds for a fraction of a cent, the supply curve flattens toward infinity. Most of those tokens will never attract sustained demand, and their value will evaporate.