‘How Low Until You Admit I Was Right?’—Schiff Mocks Bitcoiners
- Schiff challenges Bitcoiners after BTC sinks below $100K, leading to heated debate.
- Users and analysts push back as Schiff warns of deeper risks across crypto markets.
- CZ–Schiff Dubai debate gains relevance amid renewed BTC volatility scrutiny.
Bitcoin’s retreat below $100,000 on November 14, 2025, led to a heated exchange on X as long-time critic Peter Schiff questioned how low the price must fall before supporters concede his stance.
The drop followed market volatility linked to reduced expectations for U.S. rate cuts and heavy leverage in crypto trading. The slide unfolded while BTC extended losses from its October high above $126,000.
Schiff Renews Criticism as BTC Falls Toward $96,000
Schiff used the latest decline to revisit warnings he has pushed for years. According to his posts on X, he argued that Bitcoin lacked real value and compared the recent slide to a broader structural downturn. He noted that Bitcoin first crossed $100,000 in December 2024, yet fell back below that level nearly a year later.
His comments gained attention after he launched a public poll asking users where BTC must fall for Bitcoiners to “admit he was right.” The poll listed $50,000, $25,000, $10,000, and zero as options. At the time of writing, the “0” option held 58.5%, while $50,000 had 18.7%, $25,000 had 8.1% and $10,000 had 14.7%.
This exchange set the tone for later replies. One user reminded Schiff that early buyers who bought near $9,000 still held significant gains. Schiff responded that celebrations only make sense if those holders sell.
Another user suggested keeping a record of Schiff’s past posts to examine his predictions. Schiff countered that anyone would need to search more than four years back to find Bitcoin calls that had not “already paid off.”
Market Voices Push Back as Debate Widens
The discussion continued as 2VN News argued that Bitcoin could rise above $200,000 within a year. Schiff dismissed the claim as “unlikely.” This exchange led to broader responses from users who said his window for being right had already closed.
Schiff asked whether he would still be wrong if investors lost 90% due to leverage or taxes. Market analyst Crypto Patel joined the thread and pushed back against Schiff’s view. Patel said a drop below $100,000 did not alter Bitcoin’s long-term direction.
He added that volatility remained normal for the asset, while adoption and institutional demand continued to rise. Patel also said gold had a strong year, yet innovation in digital assets moved faster. This follows earlier comments Schiff made in recent weeks.
He said Bitcoin’s weakness created the conditions for a fresh downturn across crypto markets. He pointed to global buying interest in gold and silver and said those assets drove fear of missing out. He argued that crypto faced a wave of bankruptcies, defaults and layoffs if Bitcoin and Ether extended their declines.
Related: Peter Schiff Warns Gold Surge Could Trigger Bitcoin Sell-Off
Past Warnings and Schiff’s Latest Attacks
Schiff also highlighted Bitcoin’s performance against gold, noting a drop of more than 30% since August. He said the move showed more profound weakness rather than a routine correction. He further mocked new crypto-focused books, claiming a more accurate title would be that Bitcoin “isn’t for anyone.”
These comments followed his broader view that Bitcoin’s 2025 rally was driven by actions in Washington and on Wall Street. He claimed institutional demand inflated an unsustainable bubble that could collapse if support faded.
Schiff recently asked for a debate focused on these issues. Binance founder Changpeng Zhao accepted Schiff’s challenge for a discussion at Binance Blockchain Week in Dubai on December 4. The debate will compare Bitcoin with tokenized gold, a topic Schiff recently began promoting on his own initiative.
Organizers expect the event to draw developers, regulators, and industry leaders. They plan to examine how digital assets and traditional stores of value interact as tokenization spreads. Dubai’s regulatory environment and growing crypto presence provide the backdrop.
In this environment, Schiff’s recent comments feed into the broader discussion. Bitcoin’s drop below $100,000 intensified scrutiny of market conditions and revived the long-running divide between gold advocates and digital-asset supporters.
Meanwhile, the latest slide below $100,000 placed Schiff’s long-held criticism back in focus and reopened debates about Bitcoin’s direction. His exchanges with users and analysts showed how strongly both sides defended their views. The upcoming Dubai debate ensures these arguments will continue as markets watch Bitcoin’s next move.
