“There is a huge difference between a store of value like gold and a highly speculative digital token like Bitcoin, which has no real value to store. Yes, the price of Bitcoin went way up, but prior speculative gains don't qualify Bitcoin as a store of value for current buyers.”
Peter Schiff, Stock Broker / Economist · Bitcoin since: -33%
As published by Twitter
Prior Speculative Gains Don't Qualify Bitcoin As A Store Of Value ↗
A little perspective.
Bitcoin on that day$117,924July 28, 2025
$100 at that price$67.39At our latest price check
Illustrative value using a Bitcoin price of $79,465, checked Oct 29, 2026, 9:27 PM UTC. Excludes fees, taxes, and inflation. A price change alone does not settle the original criticism.
Peter Schiff appears in 26 recorded obituaries. 34 declarations were recorded in 2025.
Keep the receipt.
Bitcoin Is Dead. “Prior Speculative Gains Don't Qualify Bitcoin As A Store Of Value” — Peter Schiff, Twitter, July 28, 2025. Bitcoin: $117,924.48. https://bitcoindeaths.com/posts/2025-07-28-prior-speculative-gains-dont-qualify-bitcoin-as-a-store-of-value