{"id":73761,"date":"2026-06-09T03:07:58","date_gmt":"2026-06-09T03:07:58","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/bitcoiners-stand-firm-even-if-bitcoin-crashes-to-0\/"},"modified":"2026-06-09T03:07:58","modified_gmt":"2026-06-09T03:07:58","slug":"bitcoiners-stand-firm-even-if-bitcoin-crashes-to-0","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/bitcoiners-stand-firm-even-if-bitcoin-crashes-to-0\/","title":{"rendered":"Bitcoiners Stand Firm Even if Bitcoin Crashes to $0"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Most bitcoin supporters indicated that even a total collapse to $0 would not validate Peter Schiff\u2019s bearish thesis.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Respondents also highlighted intermediate thresholds between $20,000 and $1,000, showing persistent optimism despite potential losses.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Schiff warned technical weakness could push BTC toward $25,000 to $27,000, intensifying scrutiny of Strategy Inc.\u2019s holdings.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Bitcoiners Reject Peter Schiff\u2019s <span>Bearish<\/span> Case Even in Collapse Scenario<\/h2>\n<p>Economist and <span>gold<\/span> advocate Peter Schiff sparked renewed debate over <span>bitcoin<\/span>\u2019s sustainability after sharing a poll highlighting persistent optimism among bitcoiners, despite potential massive losses. Schiff, a long-time critic of the digital asset, questioned whether supporters would acknowledge his predictions if <span>BTC<\/span> fell to $0. The poll drew over 16,000 votes, revealing entrenched sentiment in the <span>crypto<\/span> community.<\/p>\n<p>The survey asked, \u201cHow low does <span>Bitcoin<\/span>\u2019s price have to fall before you Bitcoiners concede that I\u2019ve been right all along?\u201d Results indicated 59% of participants believed even a total collapse would not confirm Schiff\u2019s viewpoint. The poll also showed 18.7% pegged $20,000, 8.3% selected $10,000, and 13.9% chose $1,000 as thresholds.<\/p>\n<p><\/p>\n<p>Following the conclusion of the poll, Schiff commented:<\/p>\n<blockquote>\n<p>\u201cThe results are in. Almost 60% of bitcoiners believe that even if <span>bitcoin<\/span> crashes to $1,000, a more than 99% decline, wiping out almost all <span>bitcoin<\/span> investors, bankrupting $MSTR, and devastating the entire <span>crypto<\/span> industry, I\u2019m still wrong. That\u2019s not rational. That\u2019s a cult.\u201d<\/p>\n<\/blockquote>\n<p>Financial exposure at Strategy Inc. (Nasdaq: MSTR) gives Schiff\u2019s warning a corporate dimension. The company\u2019s latest dashboard showed <span>BTC<\/span> holdings of 845,256, a <span>BTC<\/span> reserve valued at $53.852 billion, $6.754 billion in debt, and $1 billion in USD reserves.<\/p>\n<p>Schiff argued that if <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a> were to fall near $25,000, the company could face a near $43 billion unrealized loss. He also projected that cash could run out by December 2026 if preferred dividends are paid and not raised.<\/p>\n<h2>Technical Weakness Signals Potential Retest of Long-Term <span>Bitcoin<\/span> Uptrend<\/h2>\n<p>Technical weakness underpins Schiff\u2019s latest downside case. On June 6, the <a href=\"http:\/\/www.bitcoin.com\/get-started\/bitcoin-vs-gold\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">gold<\/a> advocate asserted that <a href=\"https:\/\/www.binance.com\/en\/price\/bitcoin\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">bitcoin<\/a>\u2019s uptrend from the December 2022 low has broken. He also noted a larger chart pattern that could test support from the longer-term uptrend that began in December 2018.<\/p>\n<p>Schiff wrote:<\/p>\n<blockquote>\n<p>\u201cThere\u2019s a huge head-and-shoulders top forming. The most likely resolution is a retest of the longer-term uptrend off the Dec. 2018 low. If it holds, that puts a bottom between $25,000 and $27,000.\u201d<\/p>\n<\/blockquote><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/peter-schiff-poll-bitcoiners-stand-firm-even-if-bitcoin-crashes-to-0\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Most bitcoin supporters indicated that even a total collapse to $0 would not validate Peter Schiff\u2019s bearish thesis. Respondents also highlighted intermediate thresholds between $20,000 and $1,000, showing persistent optimism despite potential losses. Schiff warned technical weakness could push BTC toward $25,000 to $27,000, intensifying scrutiny [&hellip;]<\/p>\n","protected":false},"author":11,"featured_media":73762,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73761"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=73761"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/73761\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/73762"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=73761"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=73761"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=73761"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}