Peter Schiff on the Bitcoin Crash: “Get the Hell Out”

▶Bitcoin Magazine Peter Schiff on the Bitcoin Crash: “Get the Hell Out” Challenged on why two or three down years would matter for Bitcoin when gold and the Nasdaq have had similar streaks before recoveries, Peter Schiff says the difference is the backdrop. When a market can’t go up on the best news it has ever had, he argues, that normally indicates that it’s going to go down. He calls Bitcoin “all hype,” with no intrinsic value, income, or dividends, and says much of the supply now sits with ETF investors and Bitcoin treasury companies rather than people who want to use it as money. All of that hot money, he warns, is going to exit, the market will go down faster than it went up, and he expects a massive washout. Even long-term bulls, he says, will have cheaper opportunities after leveraged speculators are cleared out, and he adds that this is not the time to be hodling. Square: Get up to $200 off Square hardware when you sign up at http://square.com/go/bmtv! Offer expires December 31, 2026 at 11:59 pm PST. Offer for $40 off the cost of one Square Stand, $75 off the cost of one Square Terminal, $100 off the cost of one Square Handheld, or $200 off the cost of one Square Register, excluding applicable taxes. Limited to one discount per product type per seller account. Each code is limited to one redemption per account holder. Valid for new Square customers located in the US only. Offer not valid with guest checkout. Square reserves the right to modify, revoke or cancel the offer at any time. Offer cannot be combined with any other coupon. Void where prohibited, not redeemable for cash, and non-transferable. Partnership Enquiries: Let’s find your fit! BMTV offers customized sponsorships tailored to your brand’s goals and target audience. Partner with us: https://bitcoinmagazine.com/bmtv Chapters: 00:00 Jensen Huang Isn’t the Pin That Pricks the AI Trade 01:30 Rate Hikes Are Too Little Too Late 02:36 Money Supply Is Still Expanding Too Fast 04:29 We Need Monetary Rehab 06:40 The Fed Can’t Do the Right Thing 07:36 Traders Have the Gold Sell-Off Wrong 09:27 Gold Is Going Through the Roof 12:09 Bitcoin as a Trump Trade 13:53 The Best News Bitcoin Ever Had, and the Price Went Down 15:08 The Party’s Over for Bitcoin 17:37 When a Market Can’t Go Up on Good News 19:28 A Massive Washout in Bitcoin DISCLAIMER: The views and opinions expressed in this show are those of the participants and do not necessarily reflect the official policy or position of BTC Inc., Bitcoin Magazine, or any affiliated entities. This content is provided for informational and educational purposes only and should not be construed as investment, legal, tax, or accounting advice. Nothing contained in this show constitutes a solicitation, recommendation, endorsement, or offer to buy or sell any securities or financial instruments. Viewers should consult their own advisors before making financial or business decisions. This post Peter Schiff on the Bitcoin Crash: “Get the Hell Out” first appeared on Bitcoin Magazine and is written by Patrick Green.