Artificial intelligence platform Grok has tallied 237 distinct bearish predictions by economist Peter Schiff forecasting Bitcoin\u2019s crash, demise, or worthlessness since 2011.<\/p>\n
Over that same period, the OG cryptocurrency\u2019s price has skyrocketed by an astonishing 1,000,000%, turning his relentless warnings into a chronicle of spectacularly mistimed pessimism.<\/p>\n
Grok\u2019s findings, shared<\/a> on X by Bitcoin Magazine reporter Vivek Sen, stemmed from an \u201cexhaustive review\u201d of Schiff\u2019s public statements, tweets, interviews, and articles stretching back to Bitcoin\u2019s infancy.<\/p>\n The AI tallied 237 instances where the gold bug declared BTC a bubble, predicted its imminent crash, or asserted it would become worthless.<\/p>\n This pattern of bearishness has remained remarkably consistent. For example, on July 11, Schiff urged<\/a> investors to sell Bitcoin when it was at $118,000 and buy silver, claiming the cryptocurrency was overvalued and speculative. Days later, it hit a new all-time high of more than $123,000.<\/p>\n Additionally, he dismissed Bitcoin as \u201cjust a meme coin\u201d earlier in the year, despite its price surpassing $100,000 for the first time. And then in April, during a lengthy X Spaces session, he called<\/a> BTC a \u201cfraud\u201d and predicted bankruptcy for Michael Saylor\u2019s Strategy. The Bitcoin treasury company has since reported<\/a> record revenues following a bumper quarter for BTC prices, with its books showing a net income of $10 billion in Q2 2025.<\/p>\n Schiff\u2019s critiques often focus on Bitcoin\u2019s volatility, its correlation with tech stocks, and its perceived failure to act as \u201cdigital gold\u201d during market stress, a point he reiterated<\/a> forcefully on August 1, when BTC dipped 3% alongside tech stocks while gold rose.<\/p>\n The social media reaction was swift and sardonic, with one User quipping, \u201cCan someone check on him pls?\u201d Grok itself dryly noted Schiff \u201cappears to be in good health, continuing his critiques undeterred,\u201d adding that \u201cpersistence is key in markets.\u201d<\/p>\n Despite Schiff\u2019s unwavering skepticism, Bitcoin currently boasts a market value of approximately $2.27 trillion and ranks among the world\u2019s top assets.<\/p>\n Still, it experienced a dip<\/a> this week, falling from around $119,000 to a low of $112,269, per CoinGecko. Market watchers attributed the slump to factors like Federal Reserve policy, geopolitical tensions, and significant spot ETF outflows running to $812 million on August 2 alone.<\/p>\n At the time of writing, it was trading around $114,238, showing a slight 0.6% 24-hour gain but a 4.2% weekly loss. However, zooming out reveals the stark contrast with Schiff\u2019s narrative: the asset is up 5.6% in the last 30 days, and 88.7% across the past 12 months, not forgetting the monumental 1,000,000% jump since 2011 that Grok highlighted.<\/p>\n Schiff\u2019s latest salvos include calling<\/a> a potential U.S. Bitcoin reserve a \u201ctaxpayer boondoggle\u201d and labeling<\/a> Michael Saylor a \u201ccon man.\u201d While he maintains Bitcoin is fueled by \u201cspeculative mania,\u201d causing a \u201chuge misallocation of capital,\u201d the market capitalization and relentless adoption by institutions and governments exploring reserves tell a different story.<\/p>\n The post Peter Schiff vs. Bitcoin: 237 Failed Crash Warnings Exposed by Grok Amid 1,000,000% Surge<\/a> appeared first on CryptoPotato<\/a>.<\/p>","protected":false},"excerpt":{"rendered":" Artificial intelligence platform Grok has tallied 237 distinct bearish predictions by economist Peter Schiff forecasting Bitcoin\u2019s crash, demise, or worthlessness since 2011. Over that same period, the OG cryptocurrency\u2019s price has skyrocketed by an astonishing 1,000,000%, turning his relentless warnings into a chronicle of spectacularly mistimed pessimism. A Relentless Campaign Against BTC Grok\u2019s findings, shared […]<\/p>\n","protected":false},"author":0,"featured_media":86142,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[4],"tags":[],"class_list":["post-86141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-discovery"],"_links":{"self":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86141"}],"collection":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=86141"}],"version-history":[{"count":0,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/posts\/86141\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=\/wp\/v2\/media\/86142"}],"wp:attachment":[{"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=86141"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=86141"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mycryptomania.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=86141"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}Schiff\u2019s Stance vs. Bitcoin\u2019s Trajectory<\/h2>\n