# Changpeng Zhao Mocks Economist Peter Schiff’s Bitcoin Forecasts

By Sonny Jang

Canonical URL: https://www.tokenpost.com/news/people/34756
Published: 2026-10-19T12:08:38.000Z
Updated: 2026-10-19T12:08:38.000Z
Section: People

> Schiff said Bitcoin may not reach zero but later forecast a loss of more than 99% of its market value.

Binance founder Changpeng Zhao mocked economist Peter Schiff’s Bitcoin (BTC) forecasts in a Sunday post, while Schiff’s separate forecast still calls for a loss of more than 99% in Bitcoin’s market value.

Zhao wrote on X at about 8:26 p.m. ET Oct. 18 (00:26 UTC Oct. 19): “He will be right one day... after he changes his mind.” The post included no Bitcoin price target.

During a June 15, 2026, debate, Schiff was challenged to bet that Bitcoin would survive another 10 years. “It’s not going to go to zero. Maybe,” he replied.

Schiff later said a zero price was highly unlikely in the foreseeable future, but forecast that Bitcoin could lose more than 99% of its market value. He did not specify a date in that interview.

In February 2021, Schiff had allowed that Bitcoin might briefly reach $100,000 before eventually falling to zero. Bitcoin topped $100,000 during evening trading Dec. 4, 2024, ET (Dec. 5 UTC). The milestone matched a price Schiff had acknowledged as possible, but did not resolve his prediction of a later decline to zero.