“The idea that #Bitcoin whales deliberately tank the market to shake out the little guys to get their coins is nonsense. The whales don't want the minnows to sell, they want them holding and hoping and buying the dip. The whales want out. They're fishing for dollars, not Bitcoin.”
Peter Schiff, Stock Broker / Economist · Bitcoin since: +71%
A little perspective.
Bitcoin on that day$46,856September 7, 2021
$100 at that price$171.45At 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. 39 declarations were recorded in 2021.
Keep the receipt.
Bitcoin Is Dead. “The Whales Want Out” — Peter Schiff, Twitter, September 7, 2021. Bitcoin: $46,856.45. https://bitcoindeaths.com/posts/2021-09-07-the-whales-want-out