Peter Schiff Takes A Victory Lap: For Bitcoin, 'The Party Is Over'

Core Viewpoint - Bitcoin is underperforming against gold, leading to criticism from Peter Schiff, who suggests this indicates weakness rather than potential for growth [1][2]. Market Analysis - Schiff predicts a "belated bust" for Bitcoin, suggesting the end of its speculative phase, and states that if Nasdaq futures decline by 7.5%, Bitcoin could fall at least 15%, potentially dropping below $95,000 with support around $75,000 [3]. - Schiff also highlights the bullish view of Treasury Secretary Scott Bessent on China's economic pivot, contrasting it with his concerns over the potential severity of a future dollar crisis [4]. Asset Comparison - Schiff emphasizes the volatility of Bitcoin and advocates for safer assets like gold and silver, which are currently delivering strong returns [5].