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Peter Schiff Takes A Victory Lap: For Bitcoin, 'The Party Is Over'
Yahoo Finance· 2025-10-16 18:31
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].
X @The Economist
The Economist· 2025-10-15 11:00
Financial Crisis Focus - The author of "Too Big to Fail" is focusing on another financial crisis [1]
Robert Kiyosaki Warns of Dollar Collapse, Urges Investors To Buy Gold, Bitcoin and Ethereum
Yahoo Finance· 2025-10-11 18:06
Core Insights - Robert Kiyosaki expresses concerns about the stability of the U.S. dollar and endorses Bitcoin and Ethereum as safer investment alternatives [1][4] - Kiyosaki advocates for investing in hard assets and decentralized networks to protect wealth amid potential financial crises [2][5] Group 1: Investment Strategy - Kiyosaki suggests that holding cash in banks may lead to losses due to fiat currency devaluation, promoting investments in Bitcoin, gold, silver, and Ethereum [2][5] - His recent endorsement of Ethereum indicates a shift in perspective, recognizing its potential beyond speculation to include tokenized assets and smart contracts [3][4] Group 2: Market Trends - Kiyosaki's strategy reflects a broader trend towards diversification in investment portfolios as a means of wealth preservation during uncertain economic times [5] - His concerns about the Federal Reserve's monetary policy resonate with wider apprehensions regarding the long-term value of fiat currencies [4]
X @The Wall Street Journal
The Wall Street Journal· 2025-09-28 01:04
Political Landscape - The 2008 financial crisis left a lasting impression on Zohran Mamdani supporters and others on the far left [1]
X @The Wall Street Journal
The Wall Street Journal· 2025-07-23 09:28
Legal & Regulatory - Tom Hayes won an appeal, overturning his conviction in the Libor interest-rate rigging scandal [1] - The case was one of the most high-profile cases from the financial crisis [1]