‘Utterly Irrelevant’: Cardano Creator Hoskinson Mocks Peter Schiff Over Many Failed Bitcoin Predictions
Cardano Founder Charles Hoskinson has fired shots at Peter Schiff, one of Bitcoin’s most vocal critics. Hoskinson contended that Schiff has continually failed in his price predictions for the bellwether...
Cardano Founder Charles Hoskinson has fired shots at Peter Schiff, one of Bitcoin’s most vocal critics. Hoskinson contended that Schiff has continually failed in his price predictions for the bellwether cryptocurrency.
In a pithy X post on Wednesday, Hoskinson dismissed Schiff as “wrong and utterly irrelevant,” suggesting that the anti-Bitcoin opinions of the longtime gold advocate no longer sway investors.
He emphasized that Schiff’s past BTC predictions turned out to be wrong. Per the ADA creator, Schiff was wrong when he forecasted Bitcoin at $100, $1000, $10,000, and $100,000. “He will be wrong at a million-dollar Bitcoin,” Hoskinson added.
Schiff, a longtime financial commentator who was one of the few to forecast the 2008 economic crash and a founding member at Euro Pacific Asset Management, has long argued that Bitcoin is a “bubble.”
In his latest jab against BTC, which Hoskinson was responding to, Schiff pointed to the divergence between the alpha crypto, the NASDAQ, and gold. According to the crypto critic, Bitcoin is lagging far behind in terms of the percentage distance from its record peak compared to the NASDAQ and the yellow metal.
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Specifically, BTC is down over 10% from its all-time high of $126,080 on Oct.6, while Strategy, the world’s largest treasury company, is down 47% from its all-time high registered back in November 2024. Notably, Gold remains the top-performing major asset class, up 50%. Schiff claims this wide gap is proof that Bitcoin is not digital gold but rather a speculative asset. As such, he believes BTC is poised for a mega crash.
BTC was valued at around $111,749 at the time of publication, down 3.8% over the last 24 hours, according to CoinGecko. Still, market pundits like Hoskinson are super bullish on BTC, predicting it could soar to $250,000 by the end of this year or early 2026.
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