Bitcoin News Today: "Bitcoin's Critics Keep Dying—But the Asset Keeps Rising"

Peter Schiff, one of the most vocal critics of Bitcoin, remains a prominent figure on the so-called "Bitcoin obituary list," where he ranks first with 18 declared "death predictions" for the cryptocurrency [1]. This list, humorously titled the "Hall of Fame," tracks the number of times individuals have forecast Bitcoin's demise. Schiff’s latest prediction, made in April, posited that the 2025 financial crisis could spell the end for Bitcoin. However, despite this forecast, Bitcoin has seen a 40% increase in price since that statement, challenging the accuracy of such predictions [1].

Schiff’s long-standing skepticism of Bitcoin has been a consistent theme in his public commentary, with his critiques extending beyond the cryptocurrency itself to broader economic issues. His recent participation in the Bitcoin 2025 conference, where he aimed to present "contrarian opinions," highlights a paradox: while he criticizes Bitcoin, his economic teachings have inadvertently led many to invest in the asset, a so-called "unintended consequence" he acknowledged earlier this year [1]. This underscores a broader trend in the market, where critics and advocates of Bitcoin often find themselves in unexpected convergence.

The list of Bitcoin obituaries includes other notable figures such as economists Nouriel Roubini, Paul Krugman, and business leaders Warren Buffett and Jamie Dimon. As of now, the list has documented 431 such obituaries [1]. This data reflects the polarized views surrounding Bitcoin’s future, with some viewing it as a speculative bubble destined to burst and others as a transformative financial innovation with long-term viability.

Despite his criticism of Bitcoin, Schiff’s public appearances and statements often focus on broader macroeconomic concerns, including the U.S. dollar’s strength, inflation, and the impact of tariffs on the economy. His recent podcast episodes have centered on these topics, with particular emphasis on the risks posed by Trump’s economic policies and their potential to exacerbate economic instability [2]. These discussions provide context for his critiques of Bitcoin and highlight the interconnectedness of macroeconomic factors with the performance of cryptocurrencies.

While Schiff’s predictions for Bitcoin’s demise have thus far not materialized, his continued presence on the obituary list demonstrates the enduring debate around the cryptocurrency’s role in the global financial system. As Bitcoin’s price continues to experience volatility, the market remains divided on whether it will ultimately prove to be a speculative asset or a foundational pillar of decentralized finance.

Source:

[1] Peter Schiff Leads Bitcoin "Obituary" List Ahead Of Warren Buffett And Jamie Dimon: 'At Least I Made The Top…' (https://finance.yahoo.com/news/peter-schiff-leads-bitcoin-obituary-180108128.html)

[2] The Peter Schiff Show Podcast (https://redcircle.com/shows/the-peter-schiff-show-podcast6622)