{"id":30899,"date":"2020-10-29T12:18:14","date_gmt":"2020-10-29T10:18:14","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=30899"},"modified":"2025-08-28T00:34:10","modified_gmt":"2025-08-27T21:34:10","slug":"peter-schiff-bitcoin-is-the-biggest-bubble-in-history","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/peter-schiff-bitcoin-is-the-biggest-bubble-in-history\/","title":{"rendered":"Peter Schiff: Bitcoin Is the Biggest Bubble in History"},"content":{"rendered":"<p>The uncompromising Bitcoin sceptic Peter Schiff has said that the speculative bubble around the first cryptocurrency exceeds the feverish excitement seen in dot-com markets and the mortgage markets.<!--more--><\/p>\n<p>The investor said his conclusions were drawn from the level of conviction of Bitcoin holders.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">If you measure the size of asset bubbles based on the level of conviction buyers have in their trade, the <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&#038;ref_src=twsrc%5Etfw\">#Bitcoin<\/a> bubble is the biggest I\u2019ve seen. Bitcoin hodlers are more confident they\u2019re right and sure they can\u2019t lose than were dotcom or house buyers during those bubbles.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1321427801996726272?ref_src=twsrc%5Etfw\">October 28, 2020<\/a><\/p>\n<\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote>\n<p>&#8220;If you judge asset bubbles by the level of buyers&#8217; optimism, Bitcoin is the biggest of those I\u2019ve seen. Bitcoin holders are more confident in their rightness than investors during the dot-com bubble and the mortgage crisis,&#8221; Schiff wrote.<\/p>\n<\/blockquote>\n<p>A similar view\u2014that Bitcoin&#8217;s bubble outpaced the dot-com boom and tulip mania\u2014had been voiced by Goldman Sachs analysts as far back as 2018.<\/p>\n<p>Earlier in September, Peter Schiff <a href=\"https:\/\/u1f987.com\/en\/news\/peter-schiff-admits-error-in-his-bitcoin-forecast\">admitted<\/a> he was wrong about his Bitcoin forecast.<\/p>\n<p>Subscribe to ForkLog news on Telegram: <a href=\"https:\/\/t.me\/forklogfeed\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog Feed<\/a> \u2014 the full feed of news, <a href=\"https:\/\/telegram.me\/forklog\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">ForkLog<\/a> \u2014 the most important news and polls.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The uncompromising Bitcoin critic Peter Schiff argued that the speculative bubble around the first cryptocurrency surpasses the fervour in dot-com markets and the mortgage market.<\/p>\n","protected":false},"author":1,"featured_media":30900,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[18,1145,1138,1298],"class_list":["post-30899","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-bitcoin","tag-market-analysis","tag-opinions","tag-peter-schiff"],"aioseo_notices":[],"amp_enabled":true,"views":"25","promo_type":"1","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30899","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=30899"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30899\/revisions"}],"predecessor-version":[{"id":30901,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/30899\/revisions\/30901"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/30900"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=30899"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=30899"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=30899"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}