⸺ Obituary · January 26, 2025 ⸺
“Bitcoin Critic Peter Schiff Explains Why Proof Of Work Makes No Sense”
— X (Twitter), Peter Schiff
“It's not backed by energy. Energy is used to create Bitcoin, but that energy is gone after Bitcoin is created. If you own Bitcoin you do not own any stored energy that can be released. Bitcoin is not a battery.”
Price at death
$102,683
Today
$73,562
Decline
-28%
On 2025-01-26, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$102,683 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on January 26, 2025, when one Bitcoin traded for approximately $102,683. Bitcoin remains below its price on the day of this declaration — for now.