Economic turmoil continues to impact the markets, with Peter Schiff recently reasserting his pessimistic outlook on Bitcoin. In a series of recent tweets, Schiff asserted that the financial crisis of 2025 will spell the end for the cryptocurrency. He points to Bitcoin’s historical connection to the 2008 financial crisis as evidence. Schiff’s predictions come as markets worldwide grapple with economic uncertainty and volatility triggered by recent events such as “Black Monday” (April 7, 2025), a crash that saw stocks, cryptocurrencies, and other assets plummet. 2025’s turbulent market environment has led to a notable decline in Bitcoin’s value, further highlighting Schiff’s assertion. He also voiced his disapproval of various Bitcoin-related initiatives like Michael Saylor’s MicroStrategy’s investment strategy and Donald Trump’s U.S. Bitcoin Reserve plan, arguing that the latter represents a failed attempt to capitalize on an unstable currency.