{"id":134029,"date":"2024-07-25T12:45:50","date_gmt":"2024-07-25T09:45:50","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=134029"},"modified":"2024-07-25T12:21:50","modified_gmt":"2024-07-25T09:21:50","slug":"peter-schiff-predicts-a-crypto-market-crash-and-shares-how-the-next-recession-will-start","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/peter-schiff-predicts-a-crypto-market-crash-and-shares-how-the-next-recession-will-start\/","title":{"rendered":"Peter Schiff Predicts a Crypto Market Crash and Shares How the Next Recession Will Start"},"content":{"rendered":"<p>According to him, the price of Ethereum (<a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/ethereum\/\"><strong>ETH<\/strong><\/a>), the second largest cryptocurrency by market capitalization, has <strong><a href=\"https:\/\/cryptodnes.bg\/en\/ethereum-losses-7-of-its-value-overnight-here-is-why\/\">dropped<\/a><\/strong> by 7% in the last 24 hours.<\/p>\n<blockquote class=\"twitter-tweet\">\n<p dir=\"ltr\" lang=\"en\">In case you haven\u2019t noticed, despite yesterday\u2019s launch of 8 <a href=\"https:\/\/twitter.com\/hashtag\/EthereumETFs?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#EthereumETFs<\/a> , <a href=\"https:\/\/twitter.com\/hashtag\/Ether?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Ether<\/a> is already down over 7% in the past 24 hours. <a href=\"https:\/\/twitter.com\/hashtag\/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#Bitcoin<\/a> is down too, falling 2% over the same time period. The stage is set for a <a href=\"https:\/\/twitter.com\/hashtag\/crypto?src=hash&amp;ref_src=twsrc%5Etfw\" rel=\"nofollow\">#crypto<\/a> crash, just in time for the Nashville Bitcoin conference.<\/p>\n<p>\u2014 Peter Schiff (@PeterSchiff) <a href=\"https:\/\/twitter.com\/PeterSchiff\/status\/1816294121818001668?ref_src=twsrc%5Etfw\" rel=\"nofollow\">July 25, 2024<\/a><\/p><\/blockquote>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<p>Schiff also noted that Bitcoin has not been spared from the broader market sell-off in the cryptocurrency and stock market sectors, falling nearly 2 percent. He <a href=\"https:\/\/x.com\/PeterSchiff\/status\/1816309470386864318\" rel=\"nofollow\"><strong>also<\/strong><\/a> noted that markets appear to be pricing in the likelihood of a \u201c<em>hard landing<\/em>.\u201d<\/p>\n<p><div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1\">Read More:<\/h5>\n    <a class=\"article row post-133983\" href=\"https:\/\/cryptodnes.bg\/en\/heres-which-altcoins-are-dominating-wallet-counts-and-user-engagement\/\" title=\"Here\u2019s Which Altcoins Are Dominating Wallet Counts and User Engagement\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2022\/07\/altcoins-3-240x170.png\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Here\u2019s Which Altcoins Are Dominating Wallet Counts and User Engagement<\/h4>\n        <\/div>\n    <\/a>\n<\/div>\n<\/p>\n<p>Commenting on gold he said:<\/p>\n<blockquote><p><em>I don\u2019t see a big decline in gold.<\/em> <em>This is in stark contrast to Bitcoin and Ethereum, which have a long way to fall.<\/em><\/p><\/blockquote>\n<p>The economist predicts that the next recession could start with a stock market crash if the Federal Reserve does not lower interest rates.<\/p>\n<p>The stock market also performed poorly as investor enthusiasm for artificial intelligence (AI) waned on Wednesday, causing the Nasdaq 100 Index to drop just over $1 trillion, marking its worst performance since October 2022.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Renowned economist Peter Schiff has warned that conditions in the cryptocurrency sector are predisposing for a potential crash.<\/p>\n","protected":false},"author":7,"featured_media":23704,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[24,27,60,22],"tags":[72,424,232,271,243,224,108],"coin_category":[],"class_list":["post-134029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-altcoins","category-bitcoin","category-economy","category-others","tag-bitcoin","tag-crypto","tag-crypto-crash","tag-ethereum","tag-federal-reserve","tag-gold","tag-price"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Peter Schiff Predicts a Crypto Market Crash and Shares How the Next Recession Will Start<\/title>\n<meta name=\"description\" content=\"Renowned economist Peter Schiff has warned that conditions in the cryptocurrency sector 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