In a most entertaining turn of events, Charles Hoskinson, the founder of Cardano and master of crypto snark, has decided to throw his metaphorical hat into the ring with long-time Bitcoin (BTC) naysayer Peter Schiff. The topic? Schiff’s laughable Bitcoin price forecasts, of course.
Charles Hoskinson’s Epic Roast of Bitcoin Skeptic Peter Schiff
Hoskinson, not known for his subtlety, took to X (formerly Twitter, because who needs consistency?) to make it abundantly clear that Schiff’s Bitcoin price predictions are as accurate as a weather forecast made by a blindfolded octopus. According to Hoskinson, Schiff’s “I-know-where-Bitcoin-will-be-next” guesses are getting… well, let’s say they are getting embarrassingly wrong.
For those keeping score, let’s recap. Schiff predicted Bitcoin would hit $100. He was wrong. Then $1,000. Wrong again. $10,000? Still wrong. $100,000? If you’re sensing a pattern, you’re absolutely right. It seems Schiff’s crystal ball has a little bit of fog in it.
Peter continues to be wrong and utterly irrelevant. He was wrong at 100 dollar bitcoin. He was wrong at 1000 dollar bitcoin. He was wrong at 10,000 dollar bitcoin. He is wrong at 100,000 dollar bitcoin.
He will be wrong at million dollar bitcoin.
– Charles Hoskinson (@IOHK_Charles) October 29, 2025
And in a statement that could only be described as delightfully savage, Hoskinson added that Schiff would, without a doubt, be wrong about Bitcoin reaching $1 million. This, of course, comes after four failed predictions and a model that has all the accuracy of a GPS that constantly takes you to the wrong city.
For the record, Schiff has been calling Bitcoin a “bubble” and a “Ponzi scheme” since it was just a little twinkle in Satoshi’s eye. If it weren’t for Schiff’s relentless anti-Bitcoin crusade, we might not have such a lovely source of entertainment in the cryptocurrency world.
In a recent post (that did not go unnoticed), Schiff lamented that Bitcoin, unlike its “more respectable” counterparts, like NASDAQ and gold, is still struggling to climb back to its all-time high. But let’s be honest here, Schiff, the only thing Bitcoin is crashing is your credibility.
Schiff also claimed that Bitcoin is down 10% from its all-time high, which is somehow supposed to make us believe that Bitcoin is doomed. Meanwhile, Strategy stock (MSTR) is down a shocking 48% since November 2024, which might make us wonder-could Schiff be projecting a little too hard?
Bitcoin’s Current State: Is It Really a Revolutionary Asset?
Despite Schiff’s doom-and-gloom rhetoric, Bitcoin has been quietly doing its thing in 2025. Adoption is up. Institutional investors are increasingly interested. And governments? Well, they’re getting involved too. So, while Peter Schiff continues to paint Bitcoin as the digital equivalent of a house of cards, the rest of the world seems to think it’s more like a towering skyscraper.
As if to prove Hoskinson’s point that Bitcoin is moving into the mainstream, Michael Saylor, the Strategy Executive Chairman, recently praised the U.S. government for recognizing Bitcoin as a treasury asset. Talk about a curveball, right? Meanwhile, in France, politician Eric Ciotti is busy pushing for a national Bitcoin reserve. It’s almost like Bitcoin isn’t going anywhere anytime soon.
As of now, Bitcoin is priced at $113,036, down 1.8% from yesterday. But don’t be fooled-analysts and investors are still eyeing a short-term target of $116,000. It’s almost as if the only thing sinking right now is Schiff’s credibility.
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2025-10-29 19:28