Economist and gold advocate Peter Schiff has once again delivered a stark warning on Bitcoin, saying the cryptocurrency could eventually fall “close to zero”. Schiff, one of the best-known long-time critics of digital assets, argued that Bitcoin’s current valuation is not sustainable and renewed his broader skepticism toward the asset class.
A familiar bearish stance
Schiff’s latest comments are consistent with his long-running opposition to Bitcoin and cryptocurrencies more broadly. Over the years, he has repeatedly challenged Bitcoin’s status as a store of value and contrasted it with gold, which he views as a more reliable hedge. In this latest statement, he again suggested that Bitcoin’s market price is built on weak foundations and remains vulnerable to a major correction.
Debate over crypto’s future continues
The remarks come as the role of digital currencies in the global financial system remains a subject of intense debate. While Bitcoin has gained wider attention and stronger participation from parts of the market over time, it continues to face criticism from traditional finance commentators. Schiff’s position reflects a broader skeptical camp that questions whether crypto valuations are supported by durable intrinsic value or are driven mainly by sentiment.
Commentary rather than new evidence
The source material does not cite fresh market data, on-chain metrics, or new research to support Schiff’s forecast, meaning the statement is best understood as a restatement of his established view rather than a data-based update. Still, because of Schiff’s visibility in macroeconomic and gold-investing circles, such comments can amplify discussion around Bitcoin’s valuation, downside risks, and long-term outlook.
According to the source page, Bitcoin was shown with a +0.79% move at the time. Even so, the central focus of the report is Schiff’s renewed prediction of severe downside for Bitcoin and the ongoing divide over the future of digital assets in global finance.