Schiff Claims Bitcoin Is Only 'Threat' to Its Own Buyers
Analysis
Price Impact
LowPeter schiff is a well-known, long-standing critic of bitcoin, and his bearish takes are widely anticipated and generally 'priced in' by the market. his comments rarely cause significant short-term price movements.
Trustworthiness
LowWhile schiff is consistent in his bearish stance, his predictions of bitcoin going to 'zero' have repeatedly failed to materialize over the years, leading to low trust in his crypto market analysis within the crypto community.
Price Direction
BearishSchiff explicitly states that bitcoin is 'only a threat to those who buy it' and that it is 'going zero,' indicating a strong bearish outlook for its ultimate value.
Time Effect
LongHis comments focus on bitcoin's 'ultimate trajectory' and its destiny as a 'speculative bubble destined to burst,' implying a long-term view of its eventual collapse.
Original Article:
Article Content:
Cover image via U.Today Read U.TODAY on Google News "Only a threat to those who buy it" "Bitcoin is going zero" Advertisement Peter Schiff, the renowned gold advocate, has dismissed the notion that Bitcoin poses any systemic threat to traditional finance or his favorite precious metal. Schiff has argued that the only real danger Bitcoin presents is to the financial ruin of the investors who hold it. "Only a threat to those who buy it" The latest barrage of criticism began when user Jeff Swanson questioned Schiff’s relentless focus on an asset he claims is irrelevant. HOT Stories Crypto Market Review: XRP Consolidates Amid Low Volatility, DOGE Struggles at $0.10, Is Shiba Inu (SHIB) Testing Key Support? U.Today Crypto Digest: Shiba Inu Price Rebounds, Ex-Ripple CTO Calls Bitcoin ‘Dead End’, Goldman Sachs Owns 14% of XRP ETF Swanson posited that Schiff’s obsession implies fear, stating, "You don’t debate imaginary issues. You debate real threats." Advertisement Schiff’s response was swift and dismissive. "Bitcoin is only a threat to those who buy it," Schiff retorted on February 14. You Might Also Like Fri, 02/13/2026 - 15:08 'Bitcoin Is a Zero': Peter Schiff Reignites Criticism as BTC Reacts to Softer CPI Print By Gamza Khanzadaev For Schiff, Bitcoin is not a rival to gold or a replacement for the dollar. He rejects the "digital gold" narrative entirely since he views the asset as a speculative bubble destined to burst. Advertisement "Bitcoin is going zero" Schiff, who proudly identifies himself as "the loudest Bitcoin critic," claims his skepticism is rooted in a fundamental grasp of economics that crypto proponents lack. "Actually I'm the loudest Bitcoin critic, but I have a strong understanding of how money actually works," he stated. His outlook for the future of Bitcoin remains apocalyptically bearish. In a direct reply to MicroStrategy’s Michael Saylor and other proponents, Schiff did not mince words regarding the asset's ultimate trajectory. "Yes, Bitcoin is a zero," he declared on Feb. 13. He further elaborated on this grim forecast in a separate thread, predicting mass insolvency for the current class of crypto investors. #Bitcoin News #Peter Schiff