CZ Mocks Peter Schiff After 13-Year Supercut Highlights Failed Bitcoin Doom Calls

Binance founder Changpeng Zhao (CZ) mocked long-time gold advocate Peter Schiff on October 19, 2026, after a viral three-minute video compilation highlighted 13 years of Schiff’s failed Bitcoin (BTC) price predictions. Responding to the supercut on X, CZ joked that Schiff "will be right one day… after he changes his mind." key takeaways from the viral clip include: - 13 Years of Bearish Calls: The video tracks Peter Schiff’s crash calls from $355 in 2013 to over $111,000 in 2025. - Admitted Confusion: In the final segment, Schiff conceded he does not know what is keeping Bitcoin afloat near $81,800. - Gold vs. Bitcoin Debate: CZ previously projected in September that Bitcoin could surpass gold in market value during the next market cycle. ## 13 Years of Bearish Bitcoin Forecasts The video supercut stitches together clips from Schiff’s TV and podcast appearances over 13 years. Throughout the footage, Schiff consistently refers to Bitcoin as "tulip mania 2.0," a "pure Ponzi," and "digital fool’s gold," repeatedly predicting its price would drop to zero. These forecasts occurred while BTC appreciated from $355 in 2013 to peak levels above $111,000 in 2025. In addition to general doom calls, Schiff claimed Bitcoin exchange-traded funds (ETFs) trigger massive crashes and asserted that BTC would collapse if corporate holders like Strategy (formerly MicroStrategy) ever sold their holdings. ## Schiff Expresses Confusion as Bitcoin Holds $82,500 Despite his history of crash predictions, the final seconds of the video reveal a shift in tone. Referring to Bitcoin trading at approximately $81,800 at the time of recording, Schiff stated, "I don’t know what’s holding Bitcoin up," adding that it "should be a lot lower than that." With Bitcoin trading near $82,500, the digital asset continues to hold levels Schiff found inexplicable. Meanwhile, Schiff has maintained his stance on physical metals, calling a recent pull-back in gold a buying opportunity following hot inflation data, while arguing that most stocks are already in a bear market. ## Why It Matters The ongoing friction between gold advocates and digital asset supporters illustrates the evolving definition of hard money in global markets. Schiff’s admission that he cannot explain Bitcoin's elevated price reflects how sustained institutional adoption, spot ETF demand, and corporate balance sheet strategies—such as those implemented by Strategy—have established structural support mechanisms outside traditional economic frameworks. As CZ highlighted when forecasting Bitcoin could eventually surpass gold's overall market capitalization, market participants are increasingly pricing in digital scarcity despite persistent skepticism from legacy commentators.