Peter Schiff Claims Wall Street is Inflating Bitcoin Price, Calling It an ‘Unsustainable Bubble’

Financial commentator Peter Schiff has once again criticized Bitcoin, warning that its recent price surge is driven by artificial support from Wall Street and institutional investors. He believes this reliance on external forces creates a false sense of security, making retail investors overly confident about Bitcoin’s long-term value. According to Schiff, the real danger lies in Bitcoin’s dependence on these institutions for support. He asserts that if this backing fades, a collapse is imminent. He argues that Bitcoin’s price is driven by speculation and hype rather than solid fundamentals or real-world use cases.