Economist Peter Schiff issues a fresh warning: Bitcoin is nearing its ultimate collapse. Here’s his take on why it’s happening—and the key challenges that lie ahead.
Bitcoins are set to disappear by 2025, economist Peter Schiff has claimed.
The longtime economist and prominent critic of cryptocurrencies is back in the spotlight with a bold prediction that’s stirring debate among investors: in his view, Bitcoin won’t survive the current economic turmoil. It’s a stark and unequivocal forecast that reignites concerns about the long-term viability of the most recognized digital assets.
Schiff shared his take in a post on X (formerly Twitter), asserting that Bitcoin—originally created in response to the 2008 financial crisis—could now meet its demise amid a potentially more severe global downturn.
His comments come at a time of heightened financial uncertainty, fueled by escalating geopolitical tensions, an intensifying U.S.-China trade war, persistent inflation, and aggressive central bank policies. Against this backdrop, Schiff describes Bitcoin as a “digital risk”, lacking intrinsic value and likely to collapse under the weight of its internal contradictions. But is there merit to his claims? And what real headwinds is Bitcoin facing today? Here’s what you need to know.
Peter Schiff attacks Bitcoin: “It is only an illusion destined to end”
In his latest remarks on social media, Peter Schiff didn’t hold back: Bitcoin, he argues, lacks the structural integrity needed to withstand a genuine economic crisis. He believes its recent ascent has been driven more by speculative frenzy than any fundamental utility. Branding it a “digital risk,” Schiff dismissed the notion that Bitcoin is a store of value—let alone the “digital gold” label often used in crypto circles.
Drawing parallels to infamous financial bubbles, from the 17th-century tulip mania to the dot-com bust, Schiff maintains that when macroeconomic conditions tighten—as they are now, with rising interest rates and global market volatility—investors will pivot back to tried-and-true safe havens like gold, not highly volatile digital assets.
Schiff also took aim at Donald Trump’s protectionist trade policies, labeling them another destabilizing factor for the U.S. economy. He went further by warning investors against taking cues from the Trump family, referencing Eric Trump’s public endorsement of Ethereum. In Schiff’s view, crypto’s increasing entanglement with political and media narratives only undermines its credibility.
Why Bitcoin is in crisis: concrete challenges and an uncertain future
Schiff’s warning comes amid a genuinely challenging environment for Bitcoin. After reaching record highs, the cryptocurrency has been marked by intense volatility, shaped by external factors such as the ongoing U.S.-China trade war and sweeping tariffs on hundreds of billions in goods. In this risk-off climate, capital has flowed toward more traditional safe havens, while Bitcoin has recorded a decline, at one point dipping below the $84,000 mark.
Yet, despite the turbulence, some indicators suggest Bitcoin is far from a total collapse. The network’s fundamentals remain strong: its hashrate recently exceeded 120 terahashes per second, signaling increasing computational power and security. Meanwhile, several U.S. states—like Florida and North Carolina—are exploring ways to integrate Bitcoin into their local economies, including using it for public investments and potentially recognizing it as legal tender.
Technical analysis tools such as the Bitcoin Rainbow Chart show that BTC is still sitting in the HODL zone, suggesting it’s not currently overbought and may still have upside potential. Market analysts like Ali Martinez have projected a possible rally to as high as $91,500. Still, serious hurdles remain: from regulatory ambiguity and slow mainstream adoption, to growing competition from altcoins and intensifying global political scrutiny.
All eyes are now on 2025. The big question is: will Bitcoin buckle under pressure—or defy expectations once again, as it has so many times before?
Original article published on Money.it Italy 2025-04-13 11:57:00. Original title: Bitcoin, l’allarme. "Non sopravviverà alla crisi del 2025"
