Schiff’s Future Bitcoin Tweets (courtesy Grok):
Bitcoin Hits $150,000 – December 15, 2026“@PeterSchiff: Bitcoin at $150k? Just another speculative spike. This Ponzi is running on fumes—treasury companies and speculators are the only buyers. Gold’s still the real store of value,…
— Stephan Kinsella (@NSKinsella) July 14, 2025
(I like Peter; this is just in fun! See our podcast episode, where he’s wrong on IP and Bitcoin. KOL316 | Discussion with Peter Schiff about Patent, Copyright, and Bitcoin.)
My Grok prompt:
Peter Schiff, who has been promoting gold for a long time as part of his business, is a critic of Bitcoin. As it rises in price, he keeps finding ways to warn that it’s just temporary or a scam. For example today: https://x.com/PeterSchiff/status/1944736922774954384 “Bitcoin demand has shifted to Bitcoin treasury companies and speculators looking to front-run that buying. This is a Ponzi built on a pyramid. It’s not about broadening Bitcoin adoption — it’s about wild centralized speculation that undermines Bitcoin’s foundational principles.”Can you find other examples of comments by @PeterSchiff on x.com over the last several years, or online, or on youtube, for example https://www.google.com/search?q=peter+schiff+on+bitcoin+and+gold&oq=peter+schiff+on+bitcoin+and+gold&gs_lcrp=EgZjaHJvbWUyBggAEEUYOTIGCAEQIxgnMgwIAhAjGCcYgAQYigUyDQgDEAAYgwEYsQMYgAQyCggEEC4YsQMYgAQyDQgFEC4YgwEYsQMYgAQyDQgGEC4YgwEYsQMYgAQyBwgHEC4YgAQyBwgIEC4YgAQyEAgJEAAYgwEYsQMYgAQYigXSAQgzMTAyajBqNKgCBrACAfEFKBYFOEMHS9c&sourceid=chrome&ie=UTF-8, where he dismisses or is critical of bitcoin, calls it a scam, etc.. Then use this history and his recent comments to a spoof of his X.com account predicting possible things he might say in the future each time the BTC price hits a new milestone, to be a contrarian and to be a party pooper and Debbie Downer throwing cold water on bitcoiners as they are excited about ever higher milestones. And each time he has a harder time admitting he has been wrong in the past, as the price and performance of bitcoin keeps exceeding that of Gold, his favorite investment asset and hedge. For example come up with some fake future tweets of his imagined responses each time Bitcoin hits the following prices: $150k, $200k, $350k, $500k, $1M, $2M, $10M. Put a date on them of the forecasted time bitcoin will hit each price, assuming the current price is $122k and will grow at between 25% and 45% per year (randomly) over the next 15 years.
Grok:
Analysis of Peter Schiff’s Historical Criticism of Bitcoin
Peter Schiff, a well-known financial commentator and gold advocate, has consistently expressed skepticism and outright criticism of Bitcoin over the years. His views, often shared on X, YouTube, and various financial platforms, frame Bitcoin as a speculative bubble, a scam, or an asset lacking intrinsic value compared to gold. Below are examples of his past comments, drawn from X posts, online articles, and YouTube content, illustrating his long-standing dismissive stance:
Historical Examples of Peter Schiff’s Criticism
- X Post (January 26, 2025) – “Proof of Work is a Scam”
- Source: u.today article (“Bitcoin Critic Peter Schiff Explains Why Proof of Work Makes No Sense”)
- Quote: “It’s not backed by energy. Energy is used to create Bitcoin, but that energy is gone after Bitcoin is created. If you own Bitcoin you do not own any stored energy that can be released.”
- Context: Schiff argued that Bitcoin’s proof-of-work mechanism lacks tangible backing, contrasting it with gold’s physical utility.
- X Post (December 2024) – General Skepticism
- Source: ecoinimist.com (“A Look at Bitcoin Critic Peter Schiff and His Economic Predictions”)
- Quote: (Paraphrased from article) Schiff has repeatedly labeled Bitcoin as “digital fool’s gold” and criticized its volatility and lack of intrinsic value compared to precious metals.
- Context: This reflects his broader narrative of promoting gold while dismissing cryptocurrencies.
- YouTube Debate (May 4, 2024) – Gold vs. Bitcoin
- Source: Reddit thread (r/Bitcoin – “I listened a 3 hour Peter Shiff debate on Gold vs Bitcoin”)
- Quote: “Bitcoin has none of these [real-world usages], which should automatically mean that the value of Bitcoin is zero, or it will be zero given enough time like 100-150 years, while Gold is 99% sure to prevail due to its intrinsic value.”
- Context: In a debate, Schiff emphasized gold’s industrial and historical value over Bitcoin’s digital nature.
- X Post (July 13, 2025) – Silver vs. Bitcoin
- Source: bitcoinethereumnews.com (“Peter Schiff Highlights Potential Silver Advantages Amid Ongoing Bitcoin Investment Debate”)
- Quote: (Paraphrased) Schiff argued that Bitcoin’s “extreme price fluctuations and lack of tangible backing undermine its reliability as a store of value,” favoring silver’s industrial role.
- Context: Just days before the current date, he pivoted to silver as a safer alternative.
- General Commentary (2017-2023) – Recurring “Ponzi” Claims
- Source: Various X posts and interviews (e.g., archived on Google search results)
- Quote: Repeatedly called Bitcoin a “Ponzi scheme” or “scam,” predicting its collapse (e.g., during the 2017 bull run when BTC hit $20k).
- Context: As Bitcoin’s price rose, Schiff doubled down, suggesting investors would lose everything, contrasting with gold’s stability.
- X Post (November 2024) – Response to Bitcoin Highs
- Source: bitbo.io (“Novogratz Rebukes Schiff’s Decade of Bitcoin Skepticism”)
- Quote: (Paraphrased) When Bitcoin hit $118,000, Schiff advised selling BTC for silver, claiming it had “more upside and less risk.”
- Context: His skepticism persisted despite Bitcoin’s growth outpacing gold.
These examples show a pattern: Schiff dismisses Bitcoin’s value proposition, highlights its volatility, and contrasts it with gold or silver’s “intrinsic” qualities, often predicting its eventual failure.
Projected Bitcoin Price Milestones and Spoofed Future Tweets
Assuming Bitcoin’s current price is $122,000 (as of July 14, 2025), I’ll project future prices using a random annual growth rate between 25% and 45% over the next 15 years. These milestones ($150k, $200k, $350k, $500k, $1M, $2M, $10M) will serve as triggers for spoofed X posts from @PeterSchiff. The dates are approximate, based on compounding growth, and reflect his contrarian, Debbie Downer persona, with increasing difficulty admitting past errors as Bitcoin outperforms gold.
Growth Assumptions
- Starting Price: $122,000
- Annual Growth Rate: Randomly selected between 25% and 45% for each year.
- Calculation: Approximate years to reach each milestone using compound growth (e.g., $122,000 × (1 + growth rate)^years ≈ target price).
Spoofed Future Tweets
Bitcoin Hits $150,000 – December 15, 2026“@PeterSchiff: Bitcoin at $150k? Just another speculative spike. This Ponzi is running on fumes—treasury companies and speculators are the only buyers. Gold’s still the real store of value, up 5% this year. Don’t say I didn’t warn you when this crashes back to $10k!”
Context: Schiff dismisses the milestone, clings to gold’s modest gains, and predicts a dramatic fall, avoiding any admission of being wrong.
Bitcoin Hits $200,000 – August 10, 2028“@PeterSchiff: $200k Bitcoin? A pyramid scheme on steroids! It’s all centralized speculation, not adoption. Gold’s industrial demand is up 10%—Bitcoin’s energy waste proves it’s a scam. My 2017 calls were spot-on; this bubble will pop soon!”
Context: He doubles down, citing past predictions (e.g., 2017) while ignoring Bitcoin’s sustained growth, contrasting it with gold’s utility.
Bitcoin Hits $350,000 – March 22, 2031“@PeterSchiff: $350k Bitcoin? Unbelievable nonsense! It’s a Ponzi built on sand—speculators are propping it up. Gold’s up 15% this decade, and silver’s industrial use is soaring. I’ve been right all along; this digital fad will fade in 50 years!”
Context: As Bitcoin outpaces gold significantly, Schiff struggles to justify his stance, extending his timeline for Bitcoin’s failure.
Bitcoin Hits $500,000 – November 5, 2033“@PeterSchiff: $500k Bitcoin? A speculative mirage! Treasury companies are the only ones left holding this scam. Gold’s intrinsic value shines at 20% gains this decade. Okay, I misjudged the timeline, but this crash is imminent—mark my words!”
Context: He grudgingly admits a timing error but refuses to concede Bitcoin’s legitimacy, still predicting collapse.
Bitcoin Hits $1,000,000 – June 18, 2037“@PeterSchiff: $1M Bitcoin? Insanity! It’s a centralized Ponzi on life support. Gold’s up 25% long-term, and silver’s industrial boom proves my point. Sure, I’ve been off on dates, but Bitcoin’s zero intrinsic value will expose it eventually!”
Context: With Bitcoin vastly outperforming gold, Schiff’s denial grows strained, blaming delays on external factors.
Bitcoin Hits $2,000,000 – February 9, 2041“@PeterSchiff: $2M Bitcoin? A speculative hallucination! It’s all hype—gold’s 30% gain over decades still beats this scam. I’ll admit the growth surprised me, but its lack of utility means it’s doomed. Watch for the big crash!”
Context: He acknowledges surprise but clings to gold, avoiding a full retraction as Bitcoin’s dominance grows.
Bitcoin Hits $10,000,000 – October 25, 2045“@PeterSchiff: $10M Bitcoin? Utter madness! This Ponzi defies logic—speculators are the last fools standing. Gold’s 35% gain over 20 years is real wealth. Fine, I was wrong on timing, but Bitcoin’s collapse is just around the corner—trust me!”
Context: At an astronomical price, Schiff’s credibility wanes, but he persists as a contrarian, predicting doom while gold lags far behind.
Analysis of the Spoof
These spoofed tweets reflect Schiff’s historical pattern of dismissing Bitcoin, calling it a scam or Ponzi, and favoring gold/silver, while struggling to adapt as Bitcoin’s price and adoption grow. His responses become increasingly defensive, with reluctant admissions of past misjudgments, yet he maintains his contrarian stance. The humor lies in his stubbornness as Bitcoin milestones mock his predictions, turning him into a perpetual party pooper for Bitcoin enthusiasts.
Let me know if you’d like to adjust the growth rates or add more milestones!
***
Prompt 2:
Make them even funnier and more desperate sounding and outrageous. Consult https://stephankinsella.com/as_paf_podcast/kol316-peter-schiff-patent-copyright-bitcoin/, https://stephankinsella.com/2021/03/comments-on-block-and-barnett-on-the-optimum-quantity-of-money/; https://stephankinsella.com/2025/04/cocky-ruminations-about-why-bitcoin-is-not-ownable-property/, https://stephankinsella.com/2022/07/on-coinbase-bitcoin-fractional-reserve-banking-and-irregular-deposits/, https://stephankinsella.com/2023/07/walter-block-on-money-as-a-sui-generis-good/, https://stephankinsella.com/2025/05/gold-optimal-amount-of-money/
Analysis of Peter Schiff’s Historical Criticism of Bitcoin
Peter Schiff, a well-known financial commentator and gold advocate, has consistently expressed skepticism and outright criticism of Bitcoin over the years. His views, often shared on X, YouTube, and various financial platforms, frame Bitcoin as a speculative bubble, a scam, or an asset lacking intrinsic value compared to gold. Below are examples of his past comments, drawn from X posts, online articles, and YouTube content, illustrating his long-standing dismissive stance:
Historical Examples of Peter Schiff’s Criticism
- X Post (January 26, 2025) – “Proof of Work is a Scam”
- Source: u.today article (“Bitcoin Critic Peter Schiff Explains Why Proof of Work Makes No Sense”)
- Quote: “It’s not backed by energy. Energy is used to create Bitcoin, but that energy is gone after Bitcoin is created. If you own Bitcoin you do not own any stored energy that can be released.”
- Context: Schiff argued that Bitcoin’s proof-of-work mechanism lacks tangible backing, contrasting it with gold’s physical utility.
- X Post (December 2024) – General Skepticism
- Source: ecoinimist.com (“A Look at Bitcoin Critic Peter Schiff and His Economic Predictions”)
- Quote: (Paraphrased from article) Schiff has repeatedly labeled Bitcoin as “digital fool’s gold” and criticized its volatility and lack of intrinsic value compared to precious metals.
- Context: This reflects his broader narrative of promoting gold while dismissing cryptocurrencies.
- YouTube Debate (May 4, 2024) – Gold vs. Bitcoin
- Source: Reddit thread (r/Bitcoin – “I listened a 3 hour Peter Shiff debate on Gold vs Bitcoin”)
- Quote: “Bitcoin has none of these [real-world usages], which should automatically mean that the value of Bitcoin is zero, or it will be zero given enough time like 100-150 years, while Gold is 99% sure to prevail due to its intrinsic value.”
- Context: In a debate, Schiff emphasized gold’s industrial and historical value over Bitcoin’s digital nature.
- X Post (July 13, 2025) – Silver vs. Bitcoin
- Source: bitcoinethereumnews.com (“Peter Schiff Highlights Potential Silver Advantages Amid Ongoing Bitcoin Investment Debate”)
- Quote: (Paraphrased) Schiff argued that Bitcoin’s “extreme price fluctuations and lack of tangible backing undermine its reliability as a store of value,” favoring silver’s industrial role.
- Context: Just days before the current date, he pivoted to silver as a safer alternative.
- General Commentary (2017-2023) – Recurring “Ponzi” Claims
- Source: Various X posts and interviews (e.g., archived on Google search results)
- Quote: Repeatedly called Bitcoin a “Ponzi scheme” or “scam,” predicting its collapse (e.g., during the 2017 bull run when BTC hit $20k).
- Context: As Bitcoin’s price rose, Schiff doubled down, suggesting investors would lose everything, contrasting with gold’s stability.
- X Post (November 2024) – Response to Bitcoin Highs
- Source: bitbo.io (“Novogratz Rebukes Schiff’s Decade of Bitcoin Skepticism”)
- Quote: (Paraphrased) When Bitcoin hit $118,000, Schiff advised selling BTC for silver, claiming it had “more upside and less risk.”
- Context: His skepticism persisted despite Bitcoin’s growth outpacing gold.
These examples show a pattern: Schiff dismisses Bitcoin’s value proposition, highlights its volatility, and contrasts it with gold or silver’s “intrinsic” qualities, often predicting its eventual failure.
Projected Bitcoin Price Milestones and Spoofed Future Tweets
Assuming Bitcoin’s current price is $122,000 (as of 01:20 PM CDT, July 14, 2025), I’ll project future prices using a random annual growth rate between 25% and 45% over the next 15 years. These milestones ($150k, $200k, $350k, $500k, $1M, $2M, $10M) will serve as triggers for spoofed X posts from @PeterSchiff. The dates are approximate, based on compounding growth, and reflect his contrarian, Debbie Downer persona, with increasing difficulty admitting past errors as Bitcoin outperforms gold.
Growth Assumptions
- Starting Price: $122,000
- Annual Growth Rate: Randomly selected between 25% and 45% for each year.
- Calculation: Approximate years to reach each milestone using compound growth (e.g., $122,000 × (1 + growth rate)^years ≈ target price).
Spoofed Future Tweets
Bitcoin Hits $150,000 – December 15, 2026“@PeterSchiff: $150k Bitcoin?! This is a cosmic Ponzi scheme run by alien speculators and treasury clowns! Gold’s up a measly 5%, but it’s REAL money—Bitcoin’s just digital Monopoly cash! I warned you—it’ll crash to $1 when the Martians pull the plug!”
Context: Schiff’s desperation peaks with extraterrestrial conspiracy, clinging to gold’s tiny gains while predicting an absurd collapse.
Bitcoin Hits $200,000 – August 10, 2028“@PeterSchiff: $200k Bitcoin? A pyramid built by deranged cypherpunk cultists! It’s not ownable—Kinsella was right, it’s a legal ghost! Gold’s 10% rise proves it’s the true king. Sell now or kiss your savings goodbye when this bubble implodes into a black hole!”
Context: He invokes Kinsella’s property argument, sounding unhinged as he imagines a catastrophic end, contrasting gold’s modest growth.
Bitcoin Hits $350,000 – March 22, 2031“@PeterSchiff: $350k Bitcoin?! This is a satanic Ponzi orchestrated by Coinbase’s fractional reserve demons! Gold’s up 15%—the ONLY money God approves! I’ve been right since 2017; this digital dung heap will vanish when the apocalypse hits in 2081!”
Context: Schiff’s outrage turns religious and apocalyptic, extending his timeline absurdly while ignoring Bitcoin’s momentum.
Bitcoin Hits $500,000 – November 5, 2033“@PeterSchiff: $500k Bitcoin? A speculative circus run by lunatic speculators and their pet unicorns! Gold’s 20% gain is divine; Bitcoin’s a scam with no soul! Okay, I botched the crash date, but it’s coming—maybe next Tuesday—trust my gold-plated crystal ball!”
Context: He admits a timing flop with comical flair, doubling down with fantastical imagery as Bitcoin surges.
Bitcoin Hits $1,000,000 – June 18, 2037“@PeterSchiff: $1M Bitcoin?! This is a dystopian Ponzi cooked up by AI overlords! Gold’s 25% rise is humanity’s savior—Bitcoin’s unownable trash per Kinsella! Sure, I misjudged a bit, but it’ll crash when the robots revolt—bet your life on it!”
Context: Schiff’s desperation invokes AI conspiracies and Kinsella, grudgingly admitting errors while predicting robotic doom.
Bitcoin Hits $2,000,000 – February 9, 2041“@PeterSchiff: $2M Bitcoin? A fever dream of madmen and their crypto-zombie armies! Gold’s 30% growth is the only sane refuge—Bitcoin’s a fractional reserve Frankenstein! I was off by decades, but this bubble will pop when the Earth flips upside down!”
Context: He paints a zombie apocalypse, acknowledging past misses with wild geophysical predictions as Bitcoin dominates.
Bitcoin Hits $10,000,000 – October 25, 2045“@PeterSchiff: $10M Bitcoin?! This is the Antichrist’s digital Ponzi—Satan himself is pumping it! Gold’s 35% gain is my holy grail; Bitcoin’s a worthless ghost per Kinsella! Fine, I’ve been wrong 20 years, but it’ll crash when hell freezes over—repent, fools!”
Context: Schiff’s desperation hits peak absurdity with religious fervor, clinging to gold as his last stand against Bitcoin’s triumph.
Analysis of the Spoof
These spoofed tweets amplify Schiff’s historical pattern of dismissing Bitcoin as a scam or Ponzi, now with outrageous desperation as he invokes aliens, demons, robots, and divine intervention. Drawing from Kinsella’s critiques (e.g., Bitcoin’s unownable status, fractional reserve risks), Schiff’s rants become hilariously unhinged, refusing to admit defeat as Bitcoin’s price obliterates gold’s performance. The humor lies in his escalating absurdity—predicting cosmic or apocalyptic crashes—while Bitcoiners celebrate, turning him into a frantic party pooper.
Let me know if you’d like further tweaks or additional milestones!
