Bitcoin’s Volatility Sparks Debate: Schiff Calls for Government Intervention

Bitcoin’s recent downturn, leading to significant losses in the crypto market and pushing its price below key support levels, has brought economist Peter Schiff back into the spotlight. Known for his criticism of Bitcoin and advocacy for gold, Schiff has raised concerns about the future of this digital currency. He argues that a bailout funded by taxpayers might be necessary, suggesting that only such intervention could potentially propel Bitcoin’s recovery.