⸺ Obituary · June 16, 2026 ⸺
“A Worthless Digital Asset”
Peter Schiff
Photo: Gage Skidmore (CC BY-SA 3.0), via Wikimedia Commons
“Bitcoin is a worthless digital asset. The bubble has burst.”
Price at death
$65,617
Today
$61,577
Decline
-6%
On 2026-06-16, with Bitcoin in the mid-$60,000s and well off its cycle high, perennial gold bug Peter Schiff went on Fox Business to call it 'a worthless digital asset' whose bubble had burst — arguing buyers were merely betting a greater fool would pay more, with no genuine long-term value. It was Schiff's umpteenth Bitcoin obituary since 2011; two weeks later he doubled down, warning a 'death spiral' could drag BTC under $20,000. Bitcoin has risen more than 4,000-fold since his first recorded death call.
The declaration was catalogued on June 16, 2026, when one Bitcoin traded for approximately $65,617. Bitcoin remains below its price on the day of this declaration — for now.