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Peter Schiff, the gold advocate and long-running Bitcoin skeptic, softened one of his sharpest claims during a recent debate, acknowledging that Bitcoin will not go to zero — while directing fresh criticism at Strategy and its continued accumulation of the asset.
A Partial Retreat, Not a Conversion The concession is notable for its source. Schiff has spent years arguing that Bitcoin's fundamental value is nil and that a collapse to zero was a plausible endpoint.
That argument appears to have narrowed.
Saying an asset will not go to zero is, however, a far cry from endorsing it; Schiff's broader thesis — that Bitcoin is speculative, lacks intrinsic value, and is inferior to gold — remained intact based on the reported exchange.
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