TLDR Hedge fund manager Peter Schiff predicts Bitcoin will eventually fall to zero, though not in the next 5-10 years Schiff argues that even prices like $100 orTLDR Hedge fund manager Peter Schiff predicts Bitcoin will eventually fall to zero, though not in the next 5-10 years Schiff argues that even prices like $100 or

Bitcoin Will Crash to Zero Says Hedge Fund Manager Peter Schiff

2026/02/09 15:30
3 min read

TLDR

  • Hedge fund manager Peter Schiff predicts Bitcoin will eventually fall to zero, though not in the next 5-10 years
  • Schiff argues that even prices like $100 or $1,000 would be “near-zero” for investors who bought at higher levels
  • Bitcoin recently fell below $63,000, down nearly 50% from its October 2024 peak of $124,000
  • Schiff calls Bitcoin rallies “traps” in a bear market and advises investors to “sell the rip”
  • At press time, Bitcoin was trading at $70,915.99, up 4.4% in 24 hours

Hedge fund manager Peter Schiff has renewed his prediction that Bitcoin will ultimately crash to zero. The long-time cryptocurrency critic shared his views in a recent conversation with Sujal Jethwani.

Schiff acknowledged that Bitcoin likely won’t disappear in the next five to 10 years. However, he believes the cryptocurrency will eventually lose all value over a longer time horizon.

His comments come as Bitcoin recovers from a sharp decline. Last week, the cryptocurrency fell below $63,000, marking almost a 50% drop from its peak of $124,000 in October 2024.

Schiff argued that the distinction between zero and “near-zero” doesn’t matter much for investors. Even if Bitcoin trades at $100 or $1,000, he said it would represent “a lot of value for basically nothing.”

The hedge fund manager emphasized that investors should focus on total capital loss rather than whether Bitcoin technically reaches zero. He used a hypothetical example to illustrate his point.

Over the past century, Schiff suggested that Bitcoin will be forgotten entirely. He believes no meaningful demand will remain for the cryptocurrency in the long term.

Bear Market Rallies Are Traps

Schiff also warned investors about Bitcoin’s recent price rallies. On February 6, he posted on social media platform X that sharp upward moves in bear markets create false optimism.

He pointed to MicroStrategy’s 25% gain and Bitcoin’s 11% increase on the same day. His advice to investors was direct: “Sell the rip!”

Schiff maintains that Bitcoin lacks intrinsic value unlike gold. He views the cryptocurrency as a speculative bubble where early adopters profit only if later buyers enter the market.

The economist has frequently compared Bitcoin’s performance to gold. He noted that Bitcoin is now 60% lower than its November 2021 high when measured in gold terms.

Criticism of Financial Mania

He also criticized U.S. political support for cryptocurrency. Schiff contrasted this with China’s focus on manufacturing and gold accumulation.

Bitcoin supporters counter that the network operates as a decentralized monetary system. They point to continuous uptime, deep liquidity, and fixed supply as key features supporting long-term value.

At press time, Bitcoin was trading at $70,915.99, up 4.4% in the past 24 hours.

The post Bitcoin Will Crash to Zero Says Hedge Fund Manager Peter Schiff appeared first on CoinCentral.

Market Opportunity
Ucan fix life in1day Logo
Ucan fix life in1day Price(1)
$0.0004344
$0.0004344$0.0004344
-13.20%
USD
Ucan fix life in1day (1) Live Price Chart
Disclaimer: The articles reposted on this site are sourced from public platforms and are provided for informational purposes only. They do not necessarily reflect the views of MEXC. All rights remain with the original authors. If you believe any content infringes on third-party rights, please contact service@support.mexc.com for removal. MEXC makes no guarantees regarding the accuracy, completeness, or timeliness of the content and is not responsible for any actions taken based on the information provided. The content does not constitute financial, legal, or other professional advice, nor should it be considered a recommendation or endorsement by MEXC.

You May Also Like

Exploring Market Buzz: Unique Opportunities in Cryptocurrencies

Exploring Market Buzz: Unique Opportunities in Cryptocurrencies

In the ever-evolving world of cryptocurrencies, recent developments have sparked significant interest. A closer look at pricing forecasts for Cardano (ADA) and rumors surrounding a Solana (SOL) ETF, coupled with the emergence of a promising new entrant, Layer Brett, reveals a complex market dynamic. Cardano's Prospects: A Closer Look Cardano, a stalwart in the blockchain space, continues to hold its ground with its research-driven development strategy. The latest price predictions for ADA suggest potential gains, predicting a double or even quadruple increase in its valuation. Despite these optimistic forecasts, the allure of exponential gains drives traders toward more speculative ventures. The Buzz Around Solana ETF The potential introduction of a Solana ETF has the crypto community abuzz, potentially catapulting SOL prices to new heights. As investors await regulatory decisions, the impact of such an ETF on Solana's value could be substantial, potentially reaching up to $300. However, as with Cardano, the substantial market capitalization of Solana may temper its growth potential. Why Layer Brett is Gaining Traction Amidst established names, a new contender, Layer Brett, has started to capture the market's attention with its early presale stages. Offering a low entry price of just $0.0058 and promising over 700% in staking rewards, Layer Brett presents a tempting proposition for those looking to maximize returns. Comparative Analysis: ADA, SOL, and $LBRETT While both ADA and SOL offer stable investment choices with reliable growth, Layer Brett emerges as a high-risk, high-reward option that could potentially offer significantly higher returns due to its nascent market position and aggressive economic model. Initial presale pricing lets investors get in on the ground floor. Staking rewards currently exceed 690%, a persuasive incentive for early adopters. Backed by Ethereum's Layer 2 for enhanced transaction speed and reduced costs. A community-focused $1 million giveaway to further drive engagement and investor interest. Predicted by some analysts to offer up to 50x returns in coming years. Shifting Sands: Investor Movements As the crypto market landscape shifts, many investors, including those traditionally holding ADA and SOL, are beginning to diversify their portfolios by turning to high-potential opportunities like Layer Brett. The combination of strategic presale pricing and significant staking rewards is creating a momentum of its own. Act Fast: Time-Sensitive Opportunities As September progresses, opportunities to capitalize on these low entry points and high yield offerings from Layer Brett are likely to diminish. With increasing attention and funds being directed towards this new asset, the window to act is closing quickly. Invest in Layer Brett now to secure your position before the next price hike and staking rewards reduction. For more information, visit the Layer Brett website, join their Telegram group, or follow them on X by clicking the following links: Website Telegram X Disclaimer: This is a sponsored press release and is for informational purposes only. It does not reflect the views of Bitzo, nor is it intended to be used as legal, tax, investment, or financial advice.
Share
Coinstats2025/09/18 18:39
Why a Lambo Rental Atlanta Experience Feels Different

Why a Lambo Rental Atlanta Experience Feels Different

Atlanta has a reputation. Some of it’s earned. Some of it’s exaggerated. And some of it lives somewhere between late-night stories, car culture, and the way the
Share
Techbullion2026/02/09 17:43
Motivational Speaker Rocky Romanella Launches Intentional Listening Workshop to Transform Business Communication

Motivational Speaker Rocky Romanella Launches Intentional Listening Workshop to Transform Business Communication

Rocky Romanella launches Intentional Listening Workshop & Keynote to help businesses improve communication. Based on Balanced Leadership principles, it transforms
Share
Citybuzz2026/02/09 16:00