Pete Rizzo, a Bitcoin historian and editor, posted on X on Monday, September 28, 2026, sharing a significant forecast for Bitcoin. Rizzo relayed a statement attributed to the “Godfather of Crypto,” warning that "A SUPPLY SHOCK IS COMING THAT WILL SEND #BITCOIN TO $1,000,000 AND BEYOND." The post further elaborated on the scarcity argument, stating, "OVER 95% OF BTC IS ALREADY MINED" and "THERE IS ONLY 5% MORE BTC AND ONLY 5% OF THE WORLD HAS EVEN $1 WORTH OF BTC." Rizzo concluded by posing the question, "WHAT HAPPENS WHEN 10% OF THE PEOPLE IN THE WORLD WANT BTC? OR 20%?" adding, "SOMETHING HAS TO GIVE."
This projection comes as the digital asset market shows signs of investor interest. Recent reports note Bitcoin reached $87,000, while 30,000 Bitcoin have moved off exchanges into self-custody, indicating a long-term holding sentiment. The Crypto Fear & Greed Index currently sits at 74, signaling 'Greed' among market participants. Japan’s two-year yield hitting 1.975% also points to tightening global liquidity, a factor that could influence risk asset appetite.
Rizzo's sharing of this perspective implies a belief that Bitcoin's fixed supply, combined with increasing global adoption, will inevitably lead to a dramatic price surge. The argument suggests that even a small increase in the percentage of the world's population seeking exposure to Bitcoin could overwhelm the diminishing available supply, driving its value significantly higher in the coming years.
