   
Cardano founder Charles Hoskinson took a shot at Peter Schiff, one of Bitcoin’s staunchest critics. Hoskinson maintained that Schiff has continually missed his price predictions for the leading cryptocurrency.
in a short post On Wednesday, Hoskinson dismissed Schiff as “incorrect and absolutely irrelevant” suggesting that the veteran gold advocate’s anti-Bitcoin views are no longer influencing investors.
He emphasized that Schiff’s previous predictions about BTC turned out to be incorrect. According to the creator of ADA, Schiff was wrong in predicting Bitcoin at $100, $1000, $10,000 and $100,000. “You’d be wrong for a million-dollar Bitcoin,” Hoskinson added.
Schiff, a veteran financial commentator who was one of the few to predict the 2008 economic crisis and a founding member of Euro Pacific Asset Management, has long maintained that Bitcoin is a “bubble.”
In his latest swipe at BTC, which Hoskinson was responding to, Schiff pointed out the divergence between the alpha cryptocurrency, the NASDAQ, and gold. According to the crypto critic, Bitcoin is far behind in terms of percentage distance from its record peak compared to the NASDAQ and the yellow metal.
Specifically, BTC is down more than 10% from its all-time high of $126,080 on October 6, while Strategy, the world’s largest treasury company, is down 47% from its all-time high recorded in November 2024. Notably, gold remains the top performing asset class, up 50%. Schiff claims that this wide gap is proof that Bitcoin is not digital gold but rather a speculative asset. As such, he believes BTC is primed for a mega crash.
BTC was valued at around $111,749 at the time of this publication, down 3.8% in the last 24 hours, according to CoinGecko. Still, market experts like Hoskinson are very bullish on BTC and predict that it could skyrocket to $250,000 by the end of this year or early 2026.
