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Oscar-nominated actor Terrence Howard said he avoids Bitcoin and believes the cryptocurrency could eventually fail.
Key Points
- Terrence Howard believes Bitcoin could eventually fail because it still relies on fiat-based financial systems.
- The actor revealed he declined a $25 million Bitcoin trading opportunity despite the potential returns.
- Howard maintains less than 1% of his investment portfolio in Bitcoin, reflecting his cautious stance on crypto.
- He cited global economic uncertainty and geopolitical tensions as factors that could threaten digital assets.
- Bitcoin supporters pushed back, highlighting the network’s decentralization, uninterrupted operation since 2008, and fixed 21 million supply.
Terrence Howard Voices Doubts About Bitcoin
Terrence Howard, best known for his role in Iron Man, has expressed skepticism about Bitcoin’s long-term prospects.
Speaking on episode 753 of the PBD Podcast, Howard discussed his investment philosophy and made it clear that he largely avoids cryptocurrency. According to the actor, he believes Bitcoin could ultimately fail.
Howard explained that his hesitation comes from how he perceives Bitcoin’s relationship with fiat-based financial systems. In his opinion, the cryptocurrency ecosystem still depends on the dynamics of traditional currencies, which he believes could introduce long-term vulnerabilities.
He also pointed to broader economic and geopolitical concerns. The actor referenced the declining value of the U.S. dollar and uncertainty surrounding potential tensions between the United States and Iran. In his view, these pressures contribute to global financial instability, raising the risk that digital assets could become vulnerable to sudden disruptions.
🚨Terrence Howard "Bitcoin is going to die, I don't mess with it" pic.twitter.com/5si5TmRQwF
— PBD Podcast (@PBDsPodcast) March 9, 2026
Turning Down a $25 Million Bitcoin Opportunity
Howard’s skepticism recently influenced a significant investment decision. During the podcast conversation, he revealed that a friend recently approached him with a Bitcoin-related trading proposal. The plan involved depositing $25 million into a specialized account designed to generate approximately $75,000 in returns.
Despite the potential gains, Howard said he declined the opportunity. His concerns about Bitcoin’s reliance on fiat currency ultimately made him uncomfortable moving forward with the investment.
Even so, he clarified that he is not completely absent from the market. Howard noted that less than one percent of his portfolio is currently allocated to Bitcoin.
The actor also discussed the cryptocurrency’s historical price volatility. During the interview, he referenced previous price movements from about $18,000 to higher ranges near $40,000, $60,000, and $125,000.
Howard suggested that such shifts often follow recurring multi-year cycles, though he acknowledged that market behavior can change unexpectedly.
Bitcoin Supporters Respond to the Claims
Howard’s comments quickly drew responses from Bitcoin supporters. Many advocates emphasized the network’s decentralized structure, noting that thousands of independent nodes maintain the system worldwide. Supporters also highlighted Bitcoin’s operational history. Since its launch in 2008, the network has continued running without interruption.
In addition, Bitcoin’s supply is permanently capped at 21 million coins, a feature that proponents say protects it from inflation. Because of these factors, many in the crypto community disagree with predictions that the asset could disappear.
Bitcoin’s Current Market Position
As of this writing, Bitcoin’s price stood at $67,592, reflecting a 0.6% gain over the previous 24 hours.
Despite the uptick, the cryptocurrency remains well below its historical peak. Bitcoin reached an all-time high of $126,080 on October 6, 2025. The current price, therefore, sits about 47% lower than that record level.
While Howard remains skeptical, many investors continue to view Bitcoin as a long-term store of value.
For his part, the actor said he prefers tangible assets. He indicated that gold and silver remain his favored investments, especially amid ongoing debates about global de-dollarization.