“I’ve witnessed several asset bubbles over the years and those trapped inside also say foolish things to rationalize the price rise. But none more foolish than what’s being said to rationalize the Bitcoin bubble. The bigger the bubble, the more foolish one must be not to see it!”
Peter Schiff, Stock Broker / Economist · Bitcoin since: +511%
As published by Twitter
None More Foolish Than What’s Being Said To Rationalize The Bitcoin Bubble ↗
A little perspective.
Bitcoin on that day$11,042June 24, 2019
$100 at that price$610.59At our latest price check
Illustrative value using a Bitcoin price of $67,421, checked Nov 14, 2026, 3:26 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Peter Schiff appears in 26 recorded obituaries. 40 declarations were recorded in 2019.
Keep the receipt.
Bitcoin Is Dead. “None More Foolish Than What’s Being Said To Rationalize The Bitcoin Bubble” — Peter Schiff, Twitter, June 24, 2019. Bitcoin: $11,041.85. https://bitcoindeaths.com/posts/2019-06-24-none-more-foolish-than-whats-being-said-to-rationalize-the-bitcoin-bubble