⸺ Obituary · July 28, 2025 ⸺
“Prior Speculative Gains Don't Qualify Bitcoin As A Store Of Value”
Peter Schiff
Photo: Gage Skidmore (CC BY-SA 3.0), via Wikimedia Commons
“There is a huge difference between a store of value like gold and a highly speculative digital token like Bitcoin, which has no real value to store. Yes, the price of Bitcoin went way up, but prior speculative gains don't qualify Bitcoin as a store of value for current buyers.”
Price at death
$117,924
Today
$61,577
Decline
-48%
On 2025-07-28, Peter Schiff (Stock Broker / Economist) declared Bitcoin dead via Twitter. Bitcoin was trading at ~$117,924 at the time. The call joins the growing canon of premature obituaries.
The declaration was catalogued on July 28, 2025, when one Bitcoin traded for approximately $117,924. Bitcoin remains below its price on the day of this declaration — for now.