Peter Schiff Warns of Bitcoin’s Downward Trajectory, Suggesting Government Intervention Might Be Needed

Economist Peter Schiff has voiced concerns about the recent slump in Bitcoin’s valuation. He argues that a substantial bailout from taxpayers would be necessary for Bitcoin to recover to previous highs, posing a challenge to the dollar’s stability. Schiff believes that media promoting Bitcoin as a long-term investment is fueling public misconceptions and hindering trust. He predicts that if this perception falters, it could lead to further instability in the crypto market. 2026. Schiff suggests that Bitcoin’s decline is more pronounced compared to gold’s, highlighting the latter as a more reliable store of value.