Peter Schiff has long been one of Bitcoin’s most vocal critics. Over the years, he has maintained that the asset lacks intrinsic value, that its price is driven purely by speculation, and that it would collapse in the face of a real economic crisis.
On Apr. 11, he reiterated this view on X, writing, “Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.” His statement links Bitcoin’s origin directly to its potential downfall.
Recent market turbulence has further blurred the lines. As Bloomberg’s Eric Balchunas observed, “The S&P 500 is as volatile as Bitcoin now.”So if a crisis gave birth to Bitcoin, can another one eliminate it? Or has Bitcoin endured precisely because financial systems remain fragile?