Popular hedge fund manager predicts Bitcoin will crash to zero

A long-time Bitcoin (BTC) professional is erstwhile again predicting that the world’s largest cryptocurrency volition yet autumn to zero.

In a caller speech with Sujal Jethwani, fashionable hedge money manager and outspoken skeptic of integer assets, Peter Schiff argued that Bitcoin’s semipermanent worth proposition is fundamentally flawed, contempt its planetary adoption and persistent trading activity.

Schiff's comments look astatine a clip erstwhile Bitcoin is recovering from 1 of its worst wipeouts successful years. Last week, King Crypto fell beneath $63,000, astir a 50% driblet from its highest of $124,000 past twelvemonth October.

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Schiff said helium does judge Bitcoin volition yet beryllium worthy nothing, adjacent if it does not hap successful the contiguous future.

"Well, deliberation yet it volition beryllium astatine zero...But I deliberation astatine this point, determination are truthful galore radical astir the satellite that are into Bitcoin. I conscionable can't spot determination being nary request for it. At this point."

He added that portion Bitcoin whitethorn ne'er afloat vanish from trading screens successful the adjacent term, its terms could autumn truthful dramatically that the favoritism betwixt “near-zero” and zero becomes meaningless for astir investors.

According to Schiff, adjacent if Bitcoin were to commercialized astatine levels specified arsenic $100 oregon $1,000, it would inactive correspond “a batch of worth for fundamentally nothing,” fixed his presumption that the plus has nary intrinsic worth.

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Schiff emphasized that the existent contented for investors is not whether Bitcoin technically reaches zero, but whether it collapses capable to hitch retired the immense bulk of invested capital.

"If you put a cardinal dollars successful Bitcoin, and it's worthy a 100 bucks. I mean, does it truly substance if it goes to zero? It's lone a hundred-dollar difference, right? So there's a tremendous imaginable for Bitcoin to fall."

While helium conceded that Bitcoin is improbable to deed zero wrong the adjacent 5 to 10 years, Schiff maintained that its semipermanent trajectory remains bleak.

Over a century-long horizon, Peter suggested that "no 1 volition adjacent remember" Bitcoin and it volition person nary meaningful request remaining.

At property time, Bitcoin was climbing backmost up, trading 4.4% higher successful the past 24 hours at $70,915.99.

Related: Gold bull Peter Schiff asks for Bitcoin connected his 62nd birthday

This communicative was primitively published by TheStreet connected Feb 8, 2026, wherever it archetypal appeared successful the MARKETS section. Add TheStreet arsenic a Preferred Source by clicking here.