“These currencies are going to trade to zero or pretty close to it when the bubble pops. Right now, the only reason why people are buying bitcoin is because the price is going up. When it turns around, they are not going to sell it for the same reason. There is no value in bitcoin, you can’t use it as money. It’s too slow, too expensive and too vulnerable.”
Peter Schiff, Stock Broker / Economist · Bitcoin since: +419%
A little perspective.
Bitcoin on that day$15,561December 21, 2017
$100 at that price$519.48At our latest price check
Illustrative value using a Bitcoin price of $80,837, checked Oct 29, 2026, 6:21 PM 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 Heading To $0.00” — Peter Schiff, RT, December 21, 2017. Bitcoin: $15,561.05. https://bitcoindeaths.com/posts/2017-12-21-bitcoin-heading-to-000