"Bitcoin Critic Peter Schiff Explains Why Proof Of Work Makes No Sense"

Published in X (Twitter) on 2025-01-26, "Bitcoin Critic Peter Schiff Explains Why Proof Of Work Makes No Sense" declared Bitcoin dead or fundamentally doomed. The piece argued that Bitcoin's fundamental flaws — including volatility, scalability limitations, and lack of intrinsic value — made long-term survival unlikely. Bitcoin was trading at $102,682 at the time of publication. Bitcoin surged past $100,000 amid growing sovereign and institutional adoption.