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The David Lin Report · Monday, August 31, 2026

Clem Chambers Predicts 50% Bitcoin Bust, Favors Gold

Clem Chambers, founder of FN, expressed skepticism about Bitcoin's security, citing instances of theft and personal danger. He believes Bitcoin may drop to $40,000-$50,000 before any potential rise and that its future lies in blockchain-enabled real products, not speculative trading.

companyFN

The tape

3 quotes
The problem I have with Bitcoin is that you can get it stolen off you. Too easily, and in so many ways.
Clem Chambers
I think it will go to $40 to $50,000 before it goes up.
Clem Chambers
What has got a future is blockchain enabled, crypto enabled real products that can't be done any other way.
Clem Chambers
Heard on The David Lin Report — “‘Get Out’ Before 50% Bust: ‘We’re In Bottom Of A Bubble’ | Clem Chambers, published Monday, August 31, 2026. Heardvine summarizes and quotes with attribution and timestamps, and links to the original everywhere.
Transcribed via Gemini audio transcription · $0.05
Clem Chambers Predicts 50% Bitcoin Bust, Favors Gold — Heardvine