Peter Schiff Predicts Cryptocurrency Collapse, Warnings of ‘Staggering Losses’ and Systemic Risk

Financial commentator Peter Schiff warns of a looming crypto market crash that will likely trigger bankruptcies, defaults, and layoffs within the industry. He predicts Bitcoin and Ethereum prices will decline drastically, leading to ripple effects across the entire cryptocurrency sector. Schiff highlights systemic risks, suggesting a collapse could impact broader financial systems due to overleveraged platforms and speculative demand.