Good Point, Peter Schiff!!!

[Jating]

https://x.com/PeterSchiff/status/1192802503856984064

Oh well, another comedy gold from Peter, and you can see someone replied that it is going to happen after 5 years and he is spot on.

[Charles-Tim]

This has been discussed recently on this forum. You can see it here: A long time ago, Peter Schiff said this...

Peter Sheriff accepted later that he got that wrong when bitcoin got above $95000 or so.

[Ziskinberg]

You can’t blame him, he’s a stockbroker and naturally leans toward traditional assets. Bitcoin isn’t for everyone, and some experts still doubt it because they struggle to see its inherent value. But that doesn’t mean his opinion won’t change. Plenty of big names in the past were anti-Bitcoin at first but eventually came around and invested. Even if he sticks to his stance, though, the Bitcoin market will keep growing regardless.

[dzungmobile]

Oh well, another comedy gold from Peter, and you can see someone replied that it is going to happen after 5 years and he is spot on.

You can not find any person who can be more anti-Bitcoin than Peter Schiff.

It looks like the #Bitcoin pump is finally over.  Get ready for the dump!

Keep dreaming.  Bitcoin is never going to hit $100,000!

In 2019, it is a bearish market year and price was lower than $20,000 which is 2018 ATH (a litle bit lower than $20,000). Five years later, from 2019 to 2024, price is more than five-fold since 2018 ATH, and if we compare to 2019 price, it would be higher than x5 because in November 2019, price starts above $9,000 and fell to about $7,200 in late of that month.

Peter Shiff and his company sells gold and has products related to gold. He knows that whole capital around the world is zero-sum, if more people are interested in and invest their capital into Bitcoin market, less people and less capital will be in Gold market.

You don't have to convince Peter Schiff or change his mind, it's his business, but you can read this The bullish case for Bitcoin and strengthen your belief in Bitcoin, then say no to gold.
Sometimes you can receive notifications from exchange applications like "Bitcoin price dips below $98,000". It's ironic and Peter Schiff likes it.

[Russlenat]

You can’t blame him, he’s a stockbroker and naturally leans toward traditional assets. Bitcoin isn’t for everyone, and some experts still doubt it because they struggle to see its inherent value. But that doesn’t mean his opinion won’t change. Plenty of big names in the past were anti-Bitcoin at first but eventually came around and invested. Even if he sticks to his stance, though, the Bitcoin market will keep growing regardless.

People can’t help but pay attention to him because he’s openly doubting that Bitcoin will ever hit $100k. In fact, he’s one of the loudest skeptics. But during a bull run, the bullish crowd loves nothing more than proving doubters wrong. They’re just waiting for Bitcoin to hit $100k so they can slap that number in his face and make him face the reality he’s been denying.

[Charles-Tim]

You can’t blame him, he’s a stockbroker and naturally leans toward traditional assets. Bitcoin isn’t for everyone, and some experts still doubt it because they struggle to see its inherent value. But that doesn’t mean his opinion won’t change. Plenty of big names in the past were anti-Bitcoin at first but eventually came around and invested. Even if he sticks to his stance, though, the Bitcoin market will keep growing regardless.

Peter Sheriff has said a lot of negative things about bitcoin. He said bitcoin is not backed by anything. If he is preferring the traditional markets, he can keep shot instead of saying what he does not know. As he always criticize bitcoin, the price of bitcoin continued to increase and getting to all-time high. I hope he will have change of mind now and know that what people support is what that will appreciate the price of an asset and not what is physical. He even criticized microstrategy last month which is uncalled for.

[dzungmobile]

People can’t help but pay attention to him because he’s openly doubting that Bitcoin will ever hit $100k. In fact, he’s one of the loudest skeptics. But during a bull run, the bullish crowd loves nothing more than proving doubters wrong. They’re just waiting for Bitcoin to hit $100k so they can slap that number in his face and make him face the reality he’s been denying.

He dislikes or even hates Bitcoin and his style of reaction will be like this.

When Bitcoin hit $100,000, for example, and corrected to $90,000 or $80,000, he will post like "It's time for Bitcoin to dump, it will never hit $1M". He repeats this style of trolling many times, and he will continue doing this in future.

Ironically, Bitcoin price in his trolling posts increase higher and higher with time.

About ROIs for investment into Bitcoin and Gold, you can check.
https://casebitcoin.com/charts#roi_chart

[salad daging]

When Bitcoin hit $100,000, for example, and corrected to $90,000 or $80,000, he will post like "It's time for Bitcoin to dump, it will never hit $1M". He repeats this style of trolling many times, and he will continue doing this in future.

Ironically, Bitcoin price in his trolling posts increase higher and higher with time.

Well this is no longer strange for Perter Schiff he will continue trolling when the price starts to fall, but when bitcoin goes up then he might stop talking anything because the price is high.

Skeptics will be difficult to tell, maybe Peter will be hated by many people.
Try to imagine if bitcoin is bearish maybe Peter will be the first person to do a lot of trolling.

[kotajikikox]

You can’t blame him, he’s a stockbroker and naturally leans toward traditional assets. Bitcoin isn’t for everyone, and some experts still doubt it because they struggle to see its inherent value. But that doesn’t mean his opinion won’t change. Plenty of big names in the past were anti-Bitcoin at first but eventually came around and invested.

Lots of people were skeptical of bitcoin back then and we can't fault them for it. Sure it may feel them stupid now but back then many of them didn't have enough evidence to completely trust bitcoin as an investment opportunity. However, if at this point and you are still skeptical of bitcoin I am going to have to say that that is already actual stupidity. Investing in bitcoin is seen as one of the most profitable opportunities as of the moment and if you still can't see why then maybe you are really not understanding the concept of bitcoin.

Even if he sticks to his stance, though, the Bitcoin market will keep growing regardless.

Many big names can keep talking about bitcoin negatively but the masses understand bitcoin and see it on an objective point of view. So yes it will continue to increase in value no matter how many fiat loving and crypto hating names spread things about bitcoin.

[Russlenat]

People can’t help but pay attention to him because he’s openly doubting that Bitcoin will ever hit $100k. In fact, he’s one of the loudest skeptics. But during a bull run, the bullish crowd loves nothing more than proving doubters wrong. They’re just waiting for Bitcoin to hit $100k so they can slap that number in his face and make him face the reality he’s been denying.

He dislikes or even hates Bitcoin and his style of reaction will be like this.

When Bitcoin hit $100,000, for example, and corrected to $90,000 or $80,000, he will post like "It's time for Bitcoin to dump, it will never hit $1M". He repeats this style of trolling many times, and he will continue doing this in future.

I hope he just stops so he doesn’t embarrass himself further and focuses on his traditional investment, like gold. He’s not a high-risk taker like us, and that’s fine, but he should at least respect Bitcoin investors by keeping his opinions to himself. Sometimes, silence speaks louder than doubts.

Ironically, Bitcoin price in his trolling posts increase higher and higher with time.

About ROIs for investment into Bitcoin and Gold, you can check.
https://casebitcoin.com/charts#roi_chart

When it comes to gold, he should have a solid argument to explain why Bitcoin consistently shows a higher ROI. Most likely, he’d lean on the stability comparison, emphasizing gold’s long-term reliability over Bitcoin’s volatility. And of course, he’d bring up the trust factor, gold has been a strategic reserve for many countries for decades, while Bitcoin hasn’t reached that status yet.

[pooya87]

As they say "The internet is written in ink" making such silly "predictions" is always going to come back to haunt you

Such statements would have made sense back in 2010-2011 when bitcoin was still new and the future was unclear. But today people still make such silly statements with confidence which makes no sense! Even back in 2019 where the initial tweet is from, it was a silly thing to predict after seeing the fantastic performance and the potential to grow only two years before through 2017, not to mention 10 years of solid growth up until 2019.

[m2017]

https://x.com/PeterSchiff/status/1192802503856984064

Oh well, another comedy gold from Peter, and you can see someone replied that it is going to happen after 5 years and he is spot on.

This is another indicator that all these "experts" of the old guard know nothing, or are deliberately misinforming us (which is extremely unlikely). In any case, their forecasts should not be treated as truth.

@getderb is a coolguy, although he just guessed the date and numbers right. But the main thing here is that he believed in the future of bitcoin, unlike Peter.

[Z-tight]

So many people have called BTC different names, they said it was a bubble that would burst and would never rise again, Peter Schiff said BTC would never get to $100,000, and there are so many people who have made wrong statements and predictions about BTC that didn't even make it to the internet.

Good thing is that BTC has an actual utility, so it is surely going to prove them wrong, BTC is not like altcoins, it has use cases, real world use, so people who make silly predictions about it either do not understand what BTC is or they just want to badmouth it.

[franky1]

the thing to know about peter is this, he pretends to be a fan of gold yet he takes every opportunity to sell his gold to any person he can find
to me thats not someone that wants gold if they are trying to get rid of it every opportunity they can

[Davidvictorson]

Peter was wrong 5 years ago and unless he changes his stance based on the evidence before him and not peer pressure from people, he will continue to be wrong. Even his son doesn't buy his advice with regards to bitcoin. Just like Gary, Elon his opinion on bitcoin is insignificant.



I thought to share the picture I found on Reddit.

[cr1776]

Schiff is right about some things, but he has a blind spot when it comes to bitcoin and he and anyone who has followed his advice has been the worse for it.  It is too bad.  Eventually maybe he'll come around and still have another order of magnitude or two of fiat term growth to go.

[Wonder Work]

Oh well, another comedy gold from Peter, and you can see someone replied that it is going to happen after 5 years and he is spot on.

The post you shared recently was a long time ago. ‌ His opinion may be different at present. ‌ It seems natural to think like this from the situation where the price of Bitcoin was in 2019 because, at that time, the cost of Bitcoin was very low, so I think it was natural to believe that the price of BTC would not reach 100k$

Everything changes with the passage of time, and his opinion has changed at the present time. Recently, you will see that he talked about establishing a Crypto Advisory Council. When establishing the Crypto Advisory Council, he mentioned that someone from the industry and someone who owns Bitcoin should be elsewhere.

So, understand whether his views on the price of Bitcoin have definitely changed or may change at the present time. It is usual for everything to change with time.

[nakamura12]

This has been discussed recently on this forum. You can see it here: A long time ago, Peter Schiff said this...

Peter Sheriff accepted later that he got that wrong when bitcoin got above $95000 or so.

Accepted later and then start trolling again. Maybe in the future, Peter will accept something again just like this and after that start trolling again. If It were me, I'd just stay put and stop trolling people. I am sure that those people who follow his advice did surely regretted the decision of not buying bitcoin years ago. If he change how he sees crypto especially after bitcoin's price reaching almost 100k at 95k+ at the time I am writing this post.