Bitcoin Is Dead

Have Bitcoin Critics Been Wrong?

Yes. 467 Bitcoin death predictions have been wrong. Every obituary in the Bitcoin Is Dead database predicted Bitcoin's failure, collapse, or worthlessness, yet Bitcoin continues operating 24/7 with a market cap in the hundreds of billions. The track record of Bitcoin critics is remarkably poor.

467
Wrong predictions
0%
Accuracy rate
$0.11
First obituary
61,405,773%
Price increase

The Track Record of Bitcoin Critics

Nobel Prize Economists

Paul Krugman, Joseph Stiglitz, and other Nobel laureates have predicted Bitcoin's failure. Bitcoin has outperformed traditional assets they recommended.

Billionaire Investors

Warren Buffett called it "rat poison squared." Jamie Dimon called it a "fraud." Both missed one of the best-performing assets of the decade.

Gold Advocates

Peter Schiff has been predicting Bitcoin's demise since 2011. Bitcoin has outperformed gold by over 100:1 during that period.

Major Publications

Bloomberg, Forbes, Financial Times, and other major outlets have published Bitcoin obituaries that aged poorly as Bitcoin reached new all-time highs.

Why Do Bitcoin Critics Keep Getting It Wrong?

Traditional Framework

Critics apply traditional valuation models that don't account for network effects or digital scarcity.

Confirmation Bias

Once critics take a public stance, they tend to double down rather than update their views.

Price Focus

Critics focus on price crashes while ignoring the underlying network growth and adoption.

Incentive Misalignment

Some critics have competing interests (gold, traditional finance) that bias their analysis.

Notable Wrong Predictions

Peter SchiffFebruary 9, 2026 • BTC: $70,120.78
"Despite unprecedented support from the media, Wall Street, and government, Bitcoin is trading below the $69K ATH it first hit in Nov. 2021. At no point in its 16-year history did Bitcoin ever trade be..."
Peter SchiffNovember 19, 2025 • BTC: $91,465.99
"Bitcoin has no future. It’s not a good medium of exchange for payments. To the extent you want to use crypto, even @CathieDWood admits stablecoins are better. If you also want a store of value, tokeni..."
Steve HankeNovember 16, 2025 • BTC: $95,556.87
"So much for Bitcoin being 'digital gold.' BITCOIN = A HIGHLY SPECULATIVE ASSET WITH NO FUNDAMENTAL VALUE."
Steve HankeNovember 4, 2025 • BTC: $106,541.42
"Since DAY ONE, my position has remained consistent: BITCOIN = A HIGHlY SPECULATIVE ASSET WITH ZERO FUNDAMENTAL VALUE. END OF STORY."
Peter SchiffOctober 14, 2025 • BTC: $115,264.88
"Bitcoin also made a new high today, trading above $126K. But it terms of gold, it's still about 15% below its record high. I still think it's too early for Bitcoiners to get excited about the rally. U..."