{"id":54480,"date":"2025-10-23T15:46:32","date_gmt":"2025-10-23T15:46:32","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=54480"},"modified":"2025-10-23T15:46:32","modified_gmt":"2025-10-23T15:46:32","slug":"peter-schiff-bitcoin-is-a-gigantic-pump-and-dump-but-ogs-did-a-great-job-of-selling-the-story","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=54480","title":{"rendered":"Peter Schiff: Bitcoin Is A &#8216;Gigantic Pump-And-Dump&#8217;, But &#8216;OGs Did A Great Job Of Selling The Story&#8217;"},"content":{"rendered":"<div>\n<p><strong>Bitcoin<\/strong> (CRYPTO: <a class=\"ticker\" href=\"https:\/\/www.benzinga.com\/quote\/btc\/usd\">BTC<\/a>) critic <strong>Peter Schiff<\/strong> has acknowledged that his biggest miscalculation was underestimating the public&#8217;s willingness to buy the cryptocurrency \u2014 yet he still insists it remains a &#8220;gigantic pump and dump&#8221; destined to <a href=\"https:\/\/www.benzinga.com\/money\/bitcoin-price-prediction-oct-14\">go to zero<\/a>.<\/p>\n<h3 class=\"wp-block-heading\">Schiff Concedes Public Demand But Maintains Bearish View<\/h3>\n<p>In a recent interview clip shared on X, Schiff <a href=\"https:\/\/x.com\/counterpartytv\/status\/1981118029724594414\">admitted<\/a> that his main error was &#8220;underestimating the gullibility of the public to buy it and the marketing savvy of those who promote it.&#8221;<\/p>\n<p>He credited early Bitcoin adopters \u2014 or &#8220;OGs&#8221; \u2014 for building a narrative strong enough to create demand out of nothing, saying they &#8220;did a great job of selling the story and getting people to buy what they wanted to get rid of.&#8221;<\/p>\n<p>Schiff argued that those early holders used hype cycles to offload holdings onto retail investors.<\/p>\n<p>&#8220;I still think it&#8217;s going to zero,&#8221; Schiff said. &#8220;It&#8217;s a gigantic pump and &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/crypto\/cryptocurrency\/25\/10\/48383698\/peter-schiff-bitcoin-is-a-gigantic-pump-and-dump-but-ogs-did-a-great-job-of-selling-the-sto\" alt=\"Peter\" schiff: bitcoin is a pump-and-dump but did great job of selling the story>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin (CRYPTO: BTC) critic Peter Schiff has acknowledged that his biggest miscalculation was underestimating the public&#8217;s willingness to buy the cryptocurrency \u2014 yet he still insists it remains a &#8220;gigantic pump and dump&#8221; destined to go to zero. Schiff Concedes Public Demand But Maintains Bearish View In a recent interview clip shared on X, Schiff [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-54480","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54480","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=54480"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/54480\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=54480"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=54480"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=54480"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}