“You can store #Bitcoin, but you can't store value as Bitcoin has no value to store. Sure Bitcoin has market value today as speculators still want to buy it. But there is no way to know if anyone of them will still want to buy it in the future.”
Peter Schiff, Stock Broker / Economist · Bitcoin since: +551%
As published by Twitter
A little perspective.
Bitcoin on that day$11,908August 16, 2020
$100 at that price$651.16At our latest price check
Illustrative value using a Bitcoin price of $77,542, checked Nov 1, 2026, 4:07 AM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Peter Schiff appears in 26 recorded obituaries. 20 declarations were recorded in 2020.
Keep the receipt.
Bitcoin Is Dead. “Bitcoin Has No Value To Store” — Peter Schiff, Twitter, August 16, 2020. Bitcoin: $11,908.33. https://bitcoindeaths.com/posts/2020-08-16-bitcoin-has-no-value-to-store