As expected, the biggest Bitcoin critic, Peter Schiff, has become increasingly louder in his criticism as Bitcoin continues to slip deeper into red territory. This time around, Schiff directed his condemnation at CNBC over the media outlet’s frequent reports on Bitcoin’s bullish state.
While he believes that the media company is not as vocal about Bitcoin’s ongoing correction as it used to be when the market was bullish, he claimed that CNBC and its audience have yet to recognize Bitcoin for what it truly is.
In his latest post, Schiff attacked the CNBC analysts and their guests, saying they are “at a loss” to explain why Bitcoin is falling when so many expected far higher prices by now.
Schiff: Bitcoin is ‘just a modern-day tulip’
While it appears that Peter Schiff has ceased the distressing moments to bash Bitcoin on its latest dip, the critic has specifically reinstated his long running jab about Bitcoin even since it was trading below $1000.
The pro-Gold advocate had reaffirmed that Bitcoin is just a “modern-day tulip” which he claimed the crypto community has failed to realize and has confused Bitcoin for a valid investment asset.
While it appears that Peter Schiff has seized the distressing moment to bash Bitcoin on its latest dip, the critic has specifically reinstated his long-running jab about Bitcoin, one he has repeated since it was trading below $1,000.
The pro-gold advocate reaffirmed that Bitcoin is just a “modern-day tulip,” which he claims the crypto community has failed to realize, having confused Bitcoin for a valid investment asset.
In his assertions, Schiff emphasized that the confusion on CNBC is not about Bitcoin’s market dynamics at all, but about analysts refusing to accept that Bitcoin’s entire rise mirrors the behavior of a traditional tulip.
As always, commentators fired back at Peter Schiff for his latest remark, recalling that the Bitcoin critic has leaned on this comparison for over a decade, dating back to when Bitcoin was trading far below $1,000.
The commentators highlighted that Schiff has been wrong in his steady Bitcoin comparisons for over 15 years, making it no longer an analysis. They further noted that Schiff has been calling Bitcoin a tulip since it was $100, yet he is still somehow less wealthy than the people who ignored him, thereby invalidating his repeated criticism of Bitcoin.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC breaks through 72,000 USDT, up 1.68% over the past 24 hours
Gate News message, April 13, market conditions show that BTC broke through 72,000 USDT and is currently at 72,024.1 USDT, with a 24-hour gain of 1.68%.
GateNews50m ago
BTC 15-minute rise 0.48%: stronger spot buy-side demand combined with shrinking liquidity driving the move
2026-04-13 14:30 to 2026-04-13 14:45 (UTC), BTC saw a +0.48% return within a 0.55% amplitude range (71600.7–71997.0 USDT). During this period, market volatility increased; both spot and on-chain data indicate that short-term capital flows were notably active, market attention rose, and sentiment remains cautious.
The main driver behind this deviation is stronger spot-market buy pressure and the continued net outflow of exchange funds. Specifically, over the past 24 hours, BTC spot trading volume was about $33.15B, compared with the 7-day average
GateNews1h ago
BTC Breaks Through 72000 USDT
Gate News bot 消息，Gate 行情显示，BTC 突破 72000 USDT，现价 72002.5 USDT。
CryptoRadar1h ago
Gold and silver fall across the board, and the BTC/ETH volatility index rises slightly
On April 13, gold and silver prices fell to $4,732.92 per ounce and $74.209 per ounce, respectively. The BTC volatility index rose by 0.42%, and the ETH volatility index rose by 0.31%. The U.S. dollar versus the Chinese yuan and the Japanese yen edged up slightly, major European stock indexes generally fell, while WTI and Brent crude oil prices rose. The Gate platform supports trading for multiple asset types.
GateNews1h ago
