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Peter Schiff, long one of the most vocal critics of Bitcoin, acknowledged during a debate with Anthony Pompliano that the cryptocurrency is not headed to zero — a notable if limited concession from a figure who has spent years predicting its collapse.
A Skeptic's Partial Retreat Schiff's statement, made directly during the debate with Pompliano, stops well short of an endorsement.
Saying an asset won't go to zero is a low bar; it leaves intact every other bearish argument about speculation, utility, and long-term value.
For a critic of Schiff's consistency and public profile, the remark is nonetheless a data point worth marking. He did not, based on the source, say Bitcoin would rise, hold value, or serve any useful function.
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