Gary Stevenson, the man who dubs himself the “Greatest Trader Alive,” has repeatedly dismissed Bitcoin crypto as a worthless scam destined to plummet to zero, attributing its value solely to marketing hype. On the contrary, the trader bold YouTube assertions clash with the current crypto market.
Backed by technical data, adoption trends, and market insights, this analysis dismantles Stevenson’s claims, revealing a disconnect between his rhetoric and current standing.
Bitcoin is Still Running, How Poetic
Stevenson’s critique hinges on three core ideas: Bitcoin costs nothing to produce, its rise is pure hype, and its price will inevitably collapse. These crypto assertions, often aired in the trader YouTube videos.
Gary Stevenson on bitcoin
Hope he didn’t get too REKT 🧡 pic.twitter.com/nozuzsC3VR
— Mike Still (@MikeStillBTC) February 25, 2025
Yet, giving a closer look at Bitcoin’s ecosystem with its mining process, institutional backing, price forecasts, technological upgrades, regulatory shifts, and economic role, Bitcoin paints a different picture.
“The Greatest Trader Alive’ claims that Bitcoin is “worthless” because it costs nothing to make. This ignores the reality of its creation. Bitcoin mining is far from free, it’s an energy-intensive process where miners use powerful computers to solve complex mathematical puzzles.
Furthermore, this month, mining difficulty sits at an all-time high, and the demand for high-end computers is surging . The Bitcoin network’s energy use rivals that of small nations. This is a fact.
Gary Stevenson and his labeling of Bitcoin as a marketing-driven “scam” overlooks its adoption rate. By early 2025, roughly 28% of the US population owns crypto , it’s nearly doubling since 2021, with YouTube becoming one of its drivers.
Globally, regions like Africa and Latin America are adding Bitcoin and crypto technologies like stablecoins for financial access. This isn’t hype, it’s a cultural and economic move. Stevenson’s dismissal seems increasingly out of touch as Bitcoin weaves itself into everyday life.
Yesterday, @NayibBukele and I had a great discussion about the opportunities for El Salvador🇸🇻 to benefit from and accelerate global Bitcoin adoption. pic.twitter.com/BerAmVWGdn
— Michael Saylor⚡️ (@saylor) February 14, 2025
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The Greatest Trader Alive Is Going to Miss Bitcoin: Institutions and Community Will Prove Him Wrong
Far from a speculative bubble, Bitcoin has also won over major institutions, undermining Stevenson’s narrative. MicroStrategy now holds over 1% of Bitcoin’s total supply as a treasury asset, while BlackRock’s Bitcoin ETF has shattered records as the fastest-growing ETF ever, pulling in billions.
Your future self will thank you for stacking #BTC when it was still possible. Most won’t. A few will. $13M per #Bitcoin is coming. pic.twitter.com/T8skuXyE0B
— Michael Saylor ⚡ Founder of MicroStrategy (Parody) (@Saylorsatsire) March 21, 2025
Firms like Fidelity and ARK Invest are also in the game. These institutions’ involvement shows belief in Bitcoin’s legitimacy. These players don’t back scams, they back assets with staying power.
Furthermore, Stevenson’s dire prophecy of Bitcoin hitting zero clashes with expert outlooks. In 2025, analysts like Tom Lee of CNBC predict a climb to $250,000, while VanEck’s Matthew Sigel eyes $180,000, due to the halving’s supply squeeze. Bitcoin’s price has already topped above $100,000, riding a wave of market confidence.
In 2019, a CNBC host said it's “crazy” to Tom Lee's advice to invest 1-2% of assets in #Bitcoin for $5,000 🤣 pic.twitter.com/B8mTNUBpTw
— Vivek⚡️ (@Vivek4real_) February 11, 2025
Stevenson’s collapse prediction looks more like a relic of skepticism than a forecast grounded in today’s trends.
Regulatory clarity in 2025 further weakens Stevenson’s stance. President Trump’s January executive order is easing investor concerns and spurring adoption. This supportive framework contrasts sharply with Stevenson’s alarmism.
Trump basically just said there will be a strategic reserve for crypto, not just Bitcoin… Just wait til the administration starts name dropping alts to start “stockpiling.” 😏📈 #XRP pic.twitter.com/lPWmVfHcxA
— NotFinancialAdvice.Crypto (@NFAdotcrypto) December 12, 2024
More, Gary Stevenson misses Bitcoin’s growing role as a bulwark against inflation. With economic uncertainty on the rise, investors see it as digital gold, especially in regions with shaky currencies.
Final Verdict
Gary Stevenson’s Bitcoin takedown doesn’t hold up today, yesterday, or in the future. From mining costs to institutional faith, soaring adoption to technological leaps, the evidence contradicts his claims at every turn.
Bitcoin just has the gold’s value but with a limited supply, directly refuting Stevenson’s premise.
His YouTube channel now doesn’t look better than other crypto traders on YouTube, eh? “The Greatest Trader Alive,” I call myself, Felix Akiyama as the greatest writer alive.
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