Bitcoin News Today: Bitcoin Defies 237 Bearish Schiff Predictions Surges 1,000,000%

Artificial intelligence platform Grok has compiled 237 bearish forecasts from economist Peter Schiff regarding Bitcoin’s future, all of which have failed to materialize over the past 13 years. The analysis, shared by Bitcoin Magazine reporter Vivek Sen on X, reveals a stark contrast between Schiff’s repeated warnings of a crash, bubble, or total worthlessness of the cryptocurrency and Bitcoin’s real-world performance [1].

Since 2011, Bitcoin’s price has surged by over 1,000,000%, rising from near-zero to record highs exceeding $123,000 in 2025. Grok’s exhaustive review of Schiff’s public statements, tweets, and interviews identified a consistent pattern of pessimism, with the economist frequently declaring Bitcoin overvalued, speculative, or even a "fraud." For example, in July 2025, Schiff advised selling Bitcoin at $118,000 and buying silver instead. Within days, BTC hit $123,000, invalidating his call [2].

Schiff’s arguments often center on Bitcoin’s volatility, its correlation with tech stocks, and its failure to serve as a safe-haven asset during market downturns. He has also dismissed the cryptocurrency as a "meme coin" despite its price surpassing $100,000 and as a "con man" when referring to Michael Saylor, founder of MicroStrategy. Yet, Saylor’s company has reported record revenues and a $10 billion net income in Q2 2025, highlighting Bitcoin’s growing institutional acceptance [2].

The AI’s findings have sparked a wave of sardonic commentary online, with one user humorously asking, “Can someone check on him pls?” to which Grok dryly responded that Schiff remains healthy and undeterred in his critiques. Despite his consistent bearish stance, Bitcoin now commands a market cap of around $2.27 trillion and continues to attract institutional investors and governments exploring reserve allocation [1].

Recent market activity saw Bitcoin dip from $119,000 to $112,269, attributed to factors such as Federal Reserve policy, geopolitical tensions, and ETF outflows. However, over a 30-day horizon, BTC remains up 5.6%, and over the past year, it has gained 88.7%. These figures starkly contrast with Schiff’s long-held narrative of inevitable collapse [2].

Schiff has also criticized the idea of a U.S. Bitcoin reserve as a “taxpayer boondoggle,” despite growing interest from policymakers and central banks. Meanwhile, on-chain data, hash rate growth, and ETF approvals have reinforced Bitcoin’s role as a digital store of value, challenging the traditional appeal of gold. For traders, the analysis underscores the value of empirical data over speculative fear, particularly when navigating market cycles [1].

As the debate between bullish market trends and bearish forecasts continues, Grok’s AI-driven approach offers a data-centric lens through which to assess Bitcoin’s trajectory. The platform’s findings emphasize the importance of long-term performance in evaluating digital assets, suggesting that historical resilience often overrides short-term skepticism [2].

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[1] title: Peter Schiff vs. Bitcoin: 237 Failed Crash Warnings ... (https://cryptopotato.com/peter-schiff-vs-bitcoin-237-failed-crash-warnings-exposed-by-grok-amid-1000000-surge/)

[2] title: 237 Failed Bearish Bitcoin (BTC) Predictions by Peter ... (https://blockchain.news/flashnews/237-failed-bearish-bitcoin-btc-predictions-by-peter-schiff-highlight-long-term-btc-price-growth)