“I believe it’s not going to succeed in delivering the monetary utility that people expect. I do not think it’s going to be the money of the future. I think it’s the bubble of the present.”
Peter Schiff, Stock Broker / Economist · Bitcoin since: +1,204%
As published by TheStreet
A little perspective.
Bitcoin on that day$5,697October 15, 2017
$100 at that price$1,304At our latest price check
Illustrative value using a Bitcoin price of $74,275, checked Nov 10, 2026, 10:30 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. “Peter Schiff: Bitcoin Is Not The Money Of The Future” — Peter Schiff, TheStreet, October 15, 2017. Bitcoin: $5,697.39. https://bitcoindeaths.com/posts/2017-10-15-peter-schiff-bitcoin-is-not-the-money-of-the-future