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Popular hedge fund manager predicts Bitcoin will crash to zero

Bitcoin’s price may not matter if value collapses.

Sujal Jethwani

Feb 8, 2026 7:30 AM EST

A long-time Bitcoin (BTC) critic is once again predicting that the world’s largest cryptocurrency will ultimately fall to zero.

In a recent conversation with Sujal Jethwani, popular hedge fund manager and outspoken skeptic of digital assets, Peter Schiff argued that Bitcoin’s long-term value proposition is fundamentally flawed, despite its global adoption and persistent trading activity.

Schiff's comments appear at a time when Bitcoin is recovering from one of its worst wipeouts in years. Last week, King Crypto fell below $63,000, almost a 50% drop from its peak of $124,000 last year October.

Schiff doubles down on Bitcoin going to zero

Schiff said he does believe Bitcoin will eventually be worth nothing, even if it does not happen in the immediate future. 

He added that while Bitcoin may never fully disappear from trading screens in the near term, its price could fall so dramatically that the distinction between “near-zero” and zero becomes meaningless for most investors.

According to Schiff, even if Bitcoin were to trade at levels such as $100 or $1,000, it would still represent “a lot of value for basically nothing,” given his view that the asset has no intrinsic worth.

More from TheStreet Roundtable:
Popular crypto company exits Bitcoin amid crash
Analyst trims Coinbase price target after market wipeout
Why Bitcoin’s price is falling despite strong macro conditions
Near-zero prices could feel like zero for investors
Schiff emphasized that the real issue for investors is not whether Bitcoin technically reaches zero, but whether it collapses enough to wipe out the vast majority of invested capital.

"If you invest a million dollars in Bitcoin, and it's worth a hundred bucks. I mean, does it really matter if it goes to zero? It's only a hundred-dollar difference, right? So there's a tremendous potential for Bitcoin to fall." #BTC #bitcointozero

Ah, Binance Square crew, imagine the glorious day Bitcoin finally hits $0.00 – the ultimate "to the moon... and then straight into the void" moment we've all been secretly preparing for.

Picture this: Your portfolio? A beautiful, pristine zero. No more red candles stressing you out – just one eternal green flatline of peace. Altcoins? They already committed ... months ago, memecoins are just sad JPEG ghosts floating in the blockchain graveyard, and even stablecoins are like "wait, we're supposed to be stable... relative to what now?"

Exchanges shut down trading because there's literally nothing left to trade. Miners turn their ASICs into space heaters (finally useful!). Satoshi wakes up from his 17-year nap, checks the price, and just tweets one emoji: 💀

But hey, silver lining – your HODL finally paid off: you can now proudly say you owned 1 full Bitcoin when it was worth exactly as much as that pizza someone bought for 10,000 BTC back in 2010. Full circle, baby!

So tell me, when BTC officially becomes worthless air money, will you:

A) Frame your last wallet screenshot as motivational art?

B) Start a new religion worshiping the Great Zero?

C) Just quietly delete the apps and pretend 2017–2026 was a fever dream?

Place your bets... oh wait, betting markets already crashed too. 😂

#BitcoinToZero #CryptoApocalypse #HODLToNothing #WhenMoonBecomesPluto