⸺ Obituary · November 12, 2024 ⸺
“Peter Schiff Warns Bitcoin’s Rise Is ‘Biggest Bubble in History’”
Peter Schiff
Photo: Gage Skidmore (CC BY-SA 3.0), via Wikimedia Commons
“Crypto and blockchain will likely go down as the biggest example of popular delusions and the madness of crowds in world history. The overall losses when the bubble finally pops will be staggering.”
Price at death
$87,956
Today
$61,577
Decline
-30%
On 2024-11-12, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via BeInCrypto. Bitcoin was trading at ~$87,956 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on November 12, 2024, when one Bitcoin traded for approximately $87,956. Bitcoin remains below its price on the day of this declaration — for now.