Schiff: Bitcoin (BTC) to Collapse to $10K

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Bitcoin in Trouble?

Schiff: Bitcoin (<a href="https://investment-policy.com/btc-usd/">BTC</a>) to Collapse to $10K

Peter Schiff, that grumpy old geezer who thinks money should smell like old socks, has gone and said something *shocking*! He reckons Bitcoin’s going to plummet to a measly $10,000! 🤯 He says all these youngsters are so obsessed with Bitcoin they’ve forgotten about good old-fashioned gold, which is apparently hitting record highs. 🙄

“By the time gold hits $5,000,” he declared, “they’ll be riding Bitcoin down to $10,000! A 95% drop from its peak! Can you imagine the tears?!” 💸😂

Meanwhile, gold’s up to $3,086, acting all smug and shiny. Bitcoin, on the other hand, has taken a tumble, dropping to $84,414. Talk about a bad hair day! 💇‍♀️📉

Even the Nasdaq 100, that index full of fancy tech companies, is looking a bit pale. 😩

Gold’s been celebrating, boasting that it’s up 32.3% against Bitcoin this year. It’s like a snooty rich kid showing off their gold watch. ⌚️💰

And here’s the kicker: Bloomberg’s Joe Weisenthal, who’s not afraid to call a spade a spade, says the stock market’s losing its mojo compared to gold.

AMERICA IS LOSING THE BATTLE AGAINST ROCKS

In today’s Odd Lots newsletter, I check in on my old friend the S&P 500 vs. Gold.

These days people would rather have a metal that doesn’t do anything instead of the combination of human enterprise and ingenuity.

— Joe Weisenthal (@TheStalwart) March 28, 2025

But hold your horses! 🐴 Bitcoin isn’t giving up just yet. Chris Kuiper, the brains behind Fidelity’s digital assets, says Bitcoin loves to shine during the final stages of bull runs. And who knows, maybe it’ll have its moment in the sun again. ☀️

Charlie Morris, the founder of ByteTree, says people are slowing down on buying gold ETFs. Could this be a sign that Bitcoin’s about to make a comeback?

Plus, Bitcoin ETFs have been on a roll lately, with 10 days of positive flows! That’s gotta be a good omen, right? 🤔

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2025-03-28 18:04