Economist and vocal Bitcoin critic Peter Schiff has condemned the idea of a Strategic Bitcoin Reserve, claiming it is a misleading initiative designed to lure investors into speculative crypto investments.
Schiff, a staunch advocate for gold, accused former U.S. President Donald Trump of fueling a speculative frenzy that could leave many American investors facing severe financial losses.
Taking to X, Schiff argued that the proposed Bitcoin reserve is a deceptive move, enticing individuals into high-risk investments that could ultimately prove disastrous.
He blamed Trump for actively promoting Bitcoin and other crypto-related ventures, warning that his endorsement could encourage uninformed investors to jump in without fully grasping the risks.
Additionally, Schiff has been vocal about his skepticism toward MicroStrategy’s Bitcoin strategy. He pointed to the company’s heavy dependence on borrowed funds and Bitcoin’s price volatility as major concerns, suggesting that these factors put its financial stability in jeopardy.
He also highlighted that MicroStrategy’s stock has plunged by more than 55% since November 2024, reinforcing his argument that its Bitcoin-focused approach is unsustainable.
While Peter Schiff made this catastrophic price prediction, the crypto sector saw a new token emerge that could change the crypto game. BTC Bull Token ($BTCBULL) is a new meme token that brings together two of the strongest ecosystems in the crypto world: Bitcoin and Ethereum.
What makes the BTC Bull Token so special is its drive to spread Bitcoin ownership to everyday people.
$BTCBULL is a decentralized token that combines the power of meme culture with real Bitcoin rewards. Every time Bitcoin reaches a price milestone, holders of $BTCBULL receive BTC airdrops.
Furthermore, the token is subject to a burn mechanism, which reduces its supply and increases its value.
Cantor Fitzgerald has quietly made its entry into the Bitcoin lending space, nearly a year after unveiling its crypto ambitions.
Bitcoin’s recent momentum appears far from exhausted, according to a well-followed crypto strategist who believes institutional demand is driving a persistent uptrend that could limit any meaningful pullback.
Robert Mitchnick, who leads BlackRock’s digital assets division, recently reiterated the firm’s stance on Bitcoin allocation during the Bitcoin 2025 conference in Las Vegas.
As Bitcoin flirts with historic price levels, its elusive creator Satoshi Nakamoto is now being counted among the richest individuals on the planet—without ever showing his face.