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Peter Schiff Poll: Bitcoiners Stand Firm Even if Bitcoin Slides to $0
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Peter Schiff’s bitcoin poll reignited debate after most respondents indicated that even a collapse to $0 would not prove his bearish case correct, while others pointed to thresholds between $20,000 and $1,000.
Key facts
- Peter Schiff’s bitcoin poll reignited debate after most respondents indicated that even a collapse to $0 would not prove his bearish case correct, while others pointed to thresholds between $20,000
- Almost 60% of bitcoiners believe that even if bitcoin crashes to $1,000, a more than 99% decline, wiping out almost all bitcoin investors, bankrupting $MSTR, and devastating the entire crypto
- Schiff argued that if bitcoin were to fall near $25,000, the company could face a near $43 billion unrealized loss
- If it holds, that puts a bottom between $25,000 and $27,000
Summary
Most bitcoin supporters indicated that even a total collapse to $0 would not validate Peter Schiff’s bearish thesis. Respondents also highlighted intermediate thresholds between $20,000 and $1,000, showing persistent optimism despite potential losses. Schiff warned technical weakness could push BTC toward $25,000 to $27,000, intensifying scrutiny of Strategy Inc.’s holdings. Economist and gold advocate Peter Schiff sparked renewed debate over bitcoin ’s sustainability after sharing a poll highlighting persistent optimism among bitcoiners, despite potential massive losses.