Binance CEO CZ Mocks Peter Schiff Over Bitcoin Bearishness
Changpeng Zhao criticizes Peter Schiff for his long history of inaccurate Bitcoin predictions.
Changpeng Zhao criticizes Peter Schiff for his long history of inaccurate Bitcoin predictions. Bitcoin (BTC) is trading at ₹78,65,701 ($82,636.00), down 0.2% since this brief published. This is an original Token Times brief based on reporting by U.Today, with live market data added, as of Mon, 19 Oct 2026 08:15:01 UTC.
The exchange of views highlights the ongoing debate between traditional finance advocates and crypto proponents, showcasing the skepticism Bitcoin still faces despite its growing market presence.
- CZ criticizes Peter Schiff for his repeated failed Bitcoin predictions.
- The exchange underscores the crypto community's confidence in Bitcoin's resilience.
- Bitcoin's market cap remains dominant at $1.66T amid broader market gains.
- Peter Schiff Predicts Gold Will Outperform Bitcoin Over Next Five Years
- Binance CEO CZ Mocks Peter Schiff Over Bitcoin Bearishness — this brief
Binance founder Changpeng Zhao (CZ) has taken a jab at gold advocate and 
Bitcoin critic Peter Schiff, mocking his history of bearish predictions about the cryptocurrency. CZ's comments came in response to Schiff's continued skepticism towards Bitcoin's value and future prospects.
The exchange highlights the ongoing debate between traditional finance figures like Schiff, who advocate for assets like gold, and crypto proponents who believe in Bitcoin's potential as a digital store of value. CZ's remarks suggest confidence in Bitcoin's resilience and growth despite persistent criticism.
This development comes as Bitcoin continues to show strength in the market, with its price rising 1.37% in the last 24 hours to reach $82,800. The cryptocurrency's market cap now stands at $1.66 trillion, maintaining its dominance in the overall crypto market.
The broader crypto market is also experiencing gains, with the total market cap reaching $2.84 trillion. The Fear & Greed Index currently sits at 59, indicating a 'Greed' sentiment among investors. This positive market sentiment may further fuel the debate between crypto supporters and skeptics like Schiff.
Since this brief published about 2 hours ago, Bitcoin (BTC) has moved from ₹78,81,310.96$82,800.00 to ₹78,65,700.64$82,636.00 — -0.20%.
The chart plots BTC's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from Token Times's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
Will Bitcoin dip to $55,000 by December 31, 2026?
Crowd-implied probability on Polymarket, ₹5.68M 24h volume, resolves Jan 1 — snapshotted when this brief published (Oct 19 07:05 UTC). A market price reflects what traders collectively expect; it is not a forecast by Token Times and will have moved since. View the market ↗
At today's peer-to-peer rate, 1 BTC ≈ ₹8.63M (about $82,636.00), up 1.2% over 24 hours. The rupee itself trades about 9.7% above the official rate on the P2P market, so a Indian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Binance CEO CZ Mocks Peter Schiff Over Bitcoin Bearishness — questions & answers
What did CZ say about Peter Schiff?
CZ mocked Schiff for his history of inaccurate Bitcoin predictions, suggesting he will only be right if he changes his stance.
How is Bitcoin performing in the market?
Bitcoin is up 1.37% in the last 24 hours, with a price of $82,800 and a market cap of $1.66 trillion.
What is the current state of the crypto market?
The total crypto market cap is $2.84 trillion, with a Fear & Greed Index of 59, indicating a 'Greed' sentiment.
How much is 1 Bitcoin worth in rupee today?
About ₹8.63M at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $82,636.00. The rupee price moves with both BTC's US-dollar price and the USDT/INR rate; use our Bitcoin in rupee page for any amount.
Has Bitcoin's price moved since this brief was published?
BTC is down 0.20% since this brief first published — trading at ₹78,65,701 ($82,636.00) now versus ₹78,81,311 ($82,800.00) at publication. Token Times re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from U.Today. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original Token Times brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.