Gold Bug Peter Schiff Has Made 237 Failed Bitcoin Crash Predictions. BTC Is Up 1,000,000% Since He Started.

Peter Schiff has been calling Bitcoin's death since 2011, when it traded for pennies. An AI analysis of his public statements, tweets, and interviews tallied 237 distinct predictions that Bitcoin would crash, become worthless, or collapse imminently. In 2017, he said it was headed to zero—it hit $20,000 that same year. In 2019, he declared it would never hit $50,000—it later hit $114,000. He called Michael Saylor a "con man" and predicted Strategy would go bankrupt—the company reported $10 billion in net income the following quarter. While Schiff was warning his followers to buy silver, Bitcoin quietly rose 1,000,000% from when he started his crusade. At this point, being wrong about Bitcoin appears to be less a miscalculation and more of a lifestyle brand.