'Bitcoin's Market Price Will Be Zero': Peter Schiff
Analysis
Price Impact
LowPeter schiff is a long-standing bitcoin critic whose 'zero price' predictions have historically not materialized. while his comments are negative, they typically have minimal direct impact on bitcoin's price, especially when the market is already experiencing broader risk-off sentiment. the observed price drop is attributed more to general market dynamics than schiff's specific statements.
Trustworthiness
LowSchiff's consistent and historically incorrect bearish stance on bitcoin, despite its significant growth over the years, diminishes the trustworthiness of his 'zero price' prediction within the crypto community. his arguments are often seen as biased towards traditional assets like gold.
Price Direction
BearishSchiff explicitly states 'bitcoin's market price will be zero' if people stop believing in it, which is a definitively bearish outlook on its long-term viability and value.
Time Effect
LongA prediction of a market price reaching zero implies a complete and fundamental collapse, which would be a long-term scenario rather than an immediate or short-term event.
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Cover image via U.Today Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available. Read U.TODAY on Google News Bitcoin , the first and largest cryptocurrency by market capitalization, fell on Monday amid broader risk-off sentiment at the start of December. Advertisement Bitcoin fell sharply to an intraday low of $85,595, extending its slide into the fourth day since Nov. 27, and was last seen around $85,842, down 5.88% in the last 24 hours. In his usual manner, vocal Bitcoin critic Peter Schiff took to X to highlight BTC price drop. "Bitcoin breaking down again. It just traded below $86,500," Schiff wrote in an initial tweet. HOT Stories Morning Crypto Report: XRP Rockets 324% in Weekly ETF Inflows, Strategy CEO Reveals Why They May Sell Bitcoin, Shiba Inu (SHIB) in December: What to Expect Ripple Wins Major License Boost in Singapore XRP Sees 1,447% Liquidation Imbalance, Shiba Inu Joins Japan's Green List, Saylor’s Strategy Having Second-Worst Month Since Buying Bitcoin — Top Weekly Crypto News Crypto Market Prediction: Shiba Inu (SHIB) Ends It Here, Bitcoin (BTC) Price Reaches Key $90,954 Moment, Will XRP Fall Under Mini-Death Cross? Schiff's tweets caught the attention of the Bitcoin community, who fiercely pushed back on Schiff's claims about Bitcoin. Advertisement The debate between Schiff and Bitcoin supporters took another turn as the conversation shifted to a comparison of Bitcoin and gold's value. An X user stated that gold has physical utility, with its value driven by demand, and that Bitcoin and gold derive their value from different sources. Schiff responded that the price is being driven by demand and not value, adding that value has varied perspectives for different individuals. Bitcoin market price will be zero? In a separate tweet, Schiff argued that Bitcoiners' claim of gold’s value being purely subjective was false. "Gold has objective value as a metal with conductivity, malleability, corrosion resistance, and real industrial and commercial uses. Bitcoin’s value is purely subjective, as it has no utility beyond belief," Schiff said. Than Bitcoin's market price will be zero. — Peter Schiff (@PeterSchiff) December 1, 2025 The belief Schiff was possibly referring to is Bitcoin holders' conviction, with hopes that the Bitcoin price would recover and continue climbing in the days ahead. The phrase "belief" caught the attention of the Bitcoin community, with an X user asking a pertinent question: "What happens if people stop believing?" "Then Bitcoin's market price will be zero," Schiff answered. In its 16 years of existence, Bitcoin continues to prove naysayers wrong, reaching an all-time high of $126,198 on Oct. 6. #Bitcoin #Peter Schiff