Peter Schiff Says Bitcoin's Recovery Is A 'Dead Cat Bounce' While Gold Makes Another All-Time High

Group 1 - Peter Schiff, a long-time Bitcoin skeptic, described Bitcoin's recent rebound as a "dead cat bounce," indicating skepticism about its sustainability [1][3] - Bitcoin experienced a pullback to $115,000 after reaching all-time highs in early October 2025, and remains down approximately 25% from its August peak when measured in gold terms [3] - Gold prices surged past $4,080, nearing record highs, while silver traded around $51.60, showing resilience despite recent market declines [2] Group 2 - Schiff attributed the recent drop in cryptocurrency values to President Trump's announcement regarding China tariffs, although this was later framed as a negotiating tactic by Vice President JD Vance [4] - Following Trump's comments aimed at stabilizing market sentiment, it was reported that his allies shorted crypto before his Truth Social post, suggesting strategic trading behavior [5] - On-chain activity for Bitcoin has slowed, indicating a potential decrease in market engagement and interest [3]