Peter Schiff’s Bitcoin predictions still point to a market-cap drop above 99%

Binance founder Changpeng Zhao has mocked Peter Schiff’s Bitcoin predictions, joking that the longtime critic would eventually get it right—after reversing his position. The jab targeted a record of bearish forecasts stretching back to 2011, while Schiff’s June 2026 concession that Bitcoin might survive still came with a forecast of devastating losses. Key takeaways CZ responded to Pete Rizzo’s compilation of Schiff’s bearish Bitcoin calls. Schiff acknowledged his failed $50,000 prediction in 2021. Schiff’s June 2026 comments still projected a market-cap decline exceeding 99%. CZ takes aim at Peter Schiff’s Bitcoin predictions Zhao ridiculed Schiff in a reply on X to Bitcoin historian Pete Rizzo , who had assembled examples of the gold advocate’s pessimistic forecasts over the years. “He will be right one day… after he changes his mind.

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