Changpeng Zhao Counters Peter Schiff’s ‘Brutal’ Bitcoin Bear Market Prediction With A Dose Of Sarcasm: ‘We Should Have Listened To Him’
Posted On October 17, 2025
Binance co-founder Changpeng Zhao responded to Peter Schiff’s prediction of a brutal Bitcoin (CRYPTO: BTC) bear market on Thursday, highlighting the leading cryptocurrency’s historical outperformance against gold.
Zhao Throws Jibe At Schiff
Zhao sarcastically admitted that Bitcoiners “should have listened” to Schiff’s forecast now that BTC has plunged 32% against gold since its August peak. He did, however, point out that the two-month period represents only 1% of BTC’s 16-year existence.
“I am sure Bitcoin fluctuated negatively against gold more than that, except BTC went from $0.004 to $110,000 in 16 years,” the cryptocurrency mogul countered.
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