Bitcoin’s Stability Sparks Debate Amidst Peter Schiff’s Concerns

Despite hovering around $84,000, Bitcoin faces resistance near $87,000 as its price struggles to break through the 200-day EMA. While long-term returns remain impressive at over 7.2 million percent compared to the S&P 500 and gold, veteran investor Peter Schiff argues that this stability masks a more perilous underlying trend. He contends that Bitcoin is being sustained by expectations tied to gold’s performance. He criticizes mainstream media and market analysts for glossing over potential risks, even as they tout Bitcoin’s outperformance of the NASDAQ.