So, who keeps getting it wrong about bitcoin? I mean, not just once or twice but a bunch of times? That would be Peter Schiff.
Yeah, he’s back at it again with his usual criticism.
Bitcoin's gonna come through and prove him wrong again, just like before.
Please close this thread. Peter Schiff is a scammer and a nobody. He only has relevance because people in the crypto world continue to quote him. This is why he states controversial things, not because he actually believes what he is writing. He is just engagement farming.
Do not give him relevance, let him become irrelevant and die. The world does not need people like him. Thank you.
Who give a dem about his baseless statements and unfounded financial advice, he called Bitcoin a bubble many times, and the Bitcoin bubble have never busted on his face it can only happen in his dreams.
Don't pay any attention to that individual he seems a double sided person to me and should not be taken seriously let move on.
Who else noticed that Peter Schiff usually talks rubbish whenever Bitcoin price is down? I wonder how many times we'd say that this man is only relevant to the media because Bitcoin? I mean, I got to know about him because of a funny claim he made about Bitcoin so its just nonsense this man spews. He's got an audience that listens to him that's why it looks like he has a always needs to turn up.
Peter Schiff's assertion of Washington fueling the Bitcoin bubble may have some truth to it because, as we see these days both speculative statement from the president, monetary and fiscal policies that can include increase in interest rates all contribute to drive the demand and supply of Bitcoin including other crypto currencies.
Still, this is just logical reasoning and not fact because the U.S didn't create Bitcoin or any crypto currency for that matter, but are trying so hard to influence it to their gain financially, as world power.
This guy again? Seriously? When is being wrong a full time job?
Recurring script, cycle after cycle: "bitcoin is a bubble and it will crash down to nothingness". And each cycle, the network simply... continues. Blocks every ten minutes. Hash rate climbing. Adoption spreading. But this time you are right, sure, Peter, THIS time it will all come down because... Wall Street support? You refer to the same Wall Street that struggled a decade to kill Bitcoin and then gave up?
The man makes money selling gold and somehow thinks we should care about his analysis of Bitcoin. Of course he hates it. His whole business premise relies on the fact that people do not realize that digital scarcity only works better, works more quickly, works on an international scale without his authorization or his fees.
What is annoying is not that he is wrong. It is that he realizes at this stage that he is wrong but continues playing before a crowd that is diminishing with each halving. The protocol does not concern itself with his emotions. It simply executes, executes, executes.
I think Schiff is partly right.
During this cycle bitcoin was fueled mostly by the excitement of the bitcoin ETFs and the election of the first pro-bitcoin President (Trunp).
But ETF buyers tend to be short-term holders who don't really understand bitcoin, they are just trading it for short-term profit.
But it was a big shock to the world when Trump released the memecoins of him and his wife while in office. It made him look blatantly corrupt.
This brought back all the old negative perceptions and fears in the minds of many of bitcoin and crypto as being things that are associated with
scammers and con artists. Just when bitcoin was starting to gain greater legitimacy and improve its public image as a mainstream asset,
Trump did a lot of damage to that and set things back with his memecoin BS.
Then another blow came when Trump started his trade war against the entire world.
That was another nail in the coffin for bitcoin, and was the beginning of the end of the bull cycle for BTC.
You can only get to attack something bigger than you when they are down because thats when you can hit it. I dont usually give consideration to this Man because I think he is definitely playing his cards to get relevant. Since he doesnt get attention much as he is supposed to and he usually seeks that through drawing into the most popular digital asset. The last time I remember he actually compared that Silver with Bitcoin, mind you it was during silver best times and bitcoin worst days, this shows he is doing a baseless comparison.
People usually call him the inverse Schiff, that is you do inverse of what ever he is predicting, when he predicts bottom for bitcoin you simply know the pump might not be far to come by again.
The only buble I see is Bitcoin yearly bullish trend over many years since 2009. Let's keep the bubble going and expanding bigger and bigger.
https://charts.bitbo.io/yearly-candles/
Anyone feels fearful with this bullish chart?
I don't feel fearful with it.
If people know about some other charts like Bitcoin profitable days, and the HODL map, they will no longer feel fearful with corrections.
https://hodl.map/
https://www.bitcoinmagazinepro.com/charts/bitcoin-profitable-days/
If you can determinantly (no longer hesistantly) buy bitcoins, and hodl your bitcoins for years for example 5 years, profit is guaranteed according to history, so why you should feel fearful with short term corrections?
I see people like Peter Schiff as someone who was paid or purposely says trash about Bitcoin just to create FUD in the market so that some inexperienced BTC holder can panic sell their holdings so they can buy more BTC at a cheap price because, for the record, BTC did an interesting surge in price during the previous 4 years cycle of BTC when the institutional investors have not enter the BTC market.
I wonder where he got his immature information, when historical data on BTC performance during every halving shows otherwise.
People like this are not worthy following we do not want to be misled by them, because we often advise not to believe on everything we see happened on the social media, some of them were to gain attention to make their post go viral and thereby influencing the market to react towards such direction, this same Peter Schiff have from time to time talking about Bitcoin, crypto and other advise on the social media, but I don't give some listenings to them.
That's not criticism, that is bullshit and FUD. Apart from the fact that bitcoin hasn't had any major bubbles ever since 2017, the rise we have seen so far is not even the biggest and in fact bitcoin could be considered undervalued specially when comparing it to a fiat like dollar.
Don't you think Schiff knows this: https://bitcointalk.org/index.php?topic=5563452.0 ?
He knows it better than anybody, he is just benefitting from the FUD he keeps spreading about Bitcoin...
Let him live so that he becomes a spectacle that entertains us all. Bitcoin always has two sides, pros and cons. So it is natural for haters to always look for faults even if they are not proven. Even when he has been given evidence, he will always come up with new arguments against it. What I fear is that person will have a misleading impact on beginners. Maybe he is suffering from Narcissistic Personality Disorder (NPD). ...
Lmao, Peter Schiff is like that one guy who has been misinformed about Bitcoin so many times he should get a medal for being persistent. Dude has been labeling it a bubble since it was under 100 $ and still hasnt figured out that Bitcoin doesnt need Wall Street or Washingtons permission to flourish.
Bitcoin remained intact after Mt Gox, bans, FUD & every bubble burst, & it continues to get stronger. Schiff simply does not understand there is no political value for BTC. Its value is based on math and scarcity, and trust on a global scale. He is basically yelling at a storm hoping it will stop raining, not going to happen buddy.
I agree with the above poster a few posts up. If it wasn't for Trump winning the election and having that "I dont have a problem with Bitcoin" speech, who knows where Bitcoin might of ended up. The past government was very anti crypto. If Biden or Harris won then it wouldn't bode well at all for crypto at all. We would probably still have Gensler in the SEC, sueing crypto companies left and right.
Now we got a president family that owns crypto, who is pumping crypto, launching meme tokens, created their own stablecoin, then obviously this bodes well for crypto. Look at all the people he has pardoned already. So a part of this is true, it might of been fuelled by him but there are other reasons why it went up. Look at stock market, its hitting ATH after ATH and PE ratios are out of this world. Inflation is bad and people are buying everything. Look how high Gold went up the last few months. All of this is due to the crazy money printing which was done a few years back and hence why assets are pumping.
I agree. He is going against Bitcoin no matter what. He needs Bitcoin to be wrong otherwise he stands there like a buffoon.
Not sure why he has people behind him that support his misguided views. Usually people like him fade out into irrelevance after Bitcoin has proven them wrong. But Schiff does not even think about giving up.
I'm not a fan of Peter Schiff, but he's not completely wrong with this one.
The Bitcoin price went above 100K USD mostly because Trump became pro-crypto and won the election. If Harris had won the election, the 100K Bitcoin price would have never happened in 2025. I agree that Bitcoin/crypto is a bubble just like the AI bubble(and there's nothing wrong with this). Modern day finance is all about growing bubbles. The Federal Reserves helps in pumping the bubble by printing more money. The US government also helps pumping the crypto bubble by creating the Strategic Crypto Reserve and Trump being pro-crypto. We have to pray that the crypto bubble doesn't burst anytime soon.
He is definitely persistent though. So many others have given up spreading FUD about bitcoin like our very own kwukduck. That name should be familiar to so many old users on this forum. An idiot who kept saying "bitcoin is a bubble and is gonna fall" no matter what. You can see that in all his post history. It is funny on the first page of his post history you find one post of him trying to convince others why bitcoin will never reach $100k
He gave up back in 2018 and went away, and hasn't come back yet...
On January 2023 bitcoin price was $20k and on January 2024 bitcoin was $45k and by January 2025 when Trump was installed in the Oval Office price was $90k and after that price only went up to $120k. The trend is upward and it has nothing to do with which idiot is installed in US as president. They may only affect the speed of the rise and only for short term not be the cause of the rise itself.
That's why its funny to see those critics sees that they are wrong with their perceptions. Reality hit hard and show on their faces that Bitcoin is capable to reach on the price which they didn't expect to happen. He underestimate the willingness of people to buy Bitcoin and see that Bitcoin is capable to reach those things he didn't expect to happen.
It will be more crazier Petter Schiff would announce that he became a Bitcoin friendly dude. This would be a funny statement he would made since if that situation happens he would eat all negative sentiments or statements he said against Bitcoin before.
Look at this he still believe that 21 million supply of Bitcoin is meaningless https://cryptonews.com/news/peter-schiff-claims-bitcoins-21m-supply-is-meaningless-says-satoshi-count-is-what-matters/ well this is another.
What's even more funnier here is he didn't convince his son that Bitcoin is bad asset since Spencer Schiff's support Bitcoin and believe its long term dominance here's their debate https://goldiraguide.org/peter-schiff-vs-spencer-schiff-the-father-son-debate-over-bitcoin-gold-and-what-makes-money-valuable/
Peter Schiff and his son is not the only hilarious story, but there is at least another similar story. Christine Lagarde is a very antiBitcoin but her two sons are Bitcoin investors. There are the middle aged and the elderly can not accept Bitcoin as their ages play main barriers but from these two stories we can easily see that the younger people are, the more easily they will accept Bitcoin.
Beyond these two stories, it is a fact shown by the Bitcoin demographics. There are about 10% of Bitcoin adopters are people who have ages from 55+ while the younger people accounts for around 90% of Bitcoin adopters.
https://coin.dance/stats/age