“There’s certainly a lot of bullishness about bitcoin and cryptocurrency, and that’s the case with bubbles in general. The psychology of bubbles fuels it. You just become more convinced that it’s going to work. And the higher the price goes, the more convinced you become that you’re right. But it’s not going up because it’s going to work. It’s going up because of speculation….”
Peter Schiff, Stock Broker / Economist · Bitcoin since: +1,761%
As published by CoinDesk
Bitcoin Bear Peter Schiff Doubles Down: Even At $4,000 It's Still A Bubble ↗
A little perspective.
Bitcoin on that day$4,316August 17, 2017
$100 at that price$1,861At our latest price check
Illustrative value using a Bitcoin price of $80,335, checked Oct 29, 2026, 5:44 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Peter Schiff appears in 26 recorded obituaries. 93 declarations were recorded in 2017.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Bear Peter Schiff Doubles Down: Even At $4,000 It's Still A Bubble” — Peter Schiff, CoinDesk, August 17, 2017. Bitcoin: $4,316.34. https://bitcoindeaths.com/posts/2017-08-17-bitcoin-bear-peter-schiff-doubles-down-even-at-4000-its-still-a-bubble