Peter Schiff’s Dire Warning: Is the Stock Market Heading for a Crash—And Will Bitcoin Collapse Too?

Gold bug and crypto skeptic Peter Schiff just dropped another doom-and-gloom prediction—this time targeting both traditional markets and Bitcoin. But is this another missed call, or a legit red flag?

The warning shot

Schiff’s latest rant claims the stock market’s party is about to end—hard. And if equities tank? He argues Bitcoin won’t be the safe haven crypto bros claim. Cue the eye rolls from decentralized finance maximalists.

Why Bitcoin’s at risk

History shows crypto doesn’t always decouple from risk assets. When NASDAQ sneezes, Bitcoin often catches a cold—despite the ‘digital gold’ narrative. Schiff’s betting that correlation holds during the next crisis.

The counterargument

Bitcoin’s weathered three major stock downturns since 2018. Each time it bounced harder—though sure, Wall Street’s pet economists still call it a ‘speculative asset.’ Funny how they never mention the dollar’s 96% devaluation since 1913.

Bottom line: Schiff’s track record on Bitcoin predictions is worse than a leveraged Celsius account. But even broken clocks etc.—just don’t expect crypto natives to hedge with gold anytime soon.