Peter Schiff Finds the “Final Pin” for the Bitcoin Bubble. Again

Peter Schiff, the gold advocate and longtime Bitcoin critic, says the US midterms delivered the “final pin” to the Bitcoin bubble. While markets watch the AI bubble deflate, he urged holders on Thursday to sell now. Unlike AI, Bitcoin has no real value, Schiff argued. His call came as BTC gave back its post-election gains after Democrats won both chambers of Congress on Tuesday. Why Does Schiff Tie BTC to Trump? In a follow-up reply, Schiff called Donald Trump “the Bitcoin president.” In his view, anything that hurts Trump also hurts Bitcoin. He also argued that Republicans back Bitcoin, while Democrats do not. Winning over Democrats, he added, would cost whales even more than buying Republicans did. The timing gave his Bitcoin bubble warning extra weight.

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