Peter Schiff Peringatkan Keruntuhan 2025 Bisa Hapus Bitcoin - Akankah Ini Akhir Crypto?
Peter Schiff Warns 2025 Collapse Could Wipe Out Bitcoin – Is This the End for Crypto? https://cryptonews.com/news/peter-schiff-warns-2025-collapse-could-wipe-out-bitcoin-is-this-the-end-for-crypto/

Peter Schiff Warns 2025 Collapse Could Wipe Out Bitcoin – Is This the End for Crypto?

Peter Schiff, a renowned gold advocate, has sparked a heated debate in the cryptocurrency community by predicting that the financial crisis of 2025 will "kill" Bitcoin. Schiff attributes this prophecy to the creation of Bitcoin in response to the 2008 global financial crisis.

Bitcoin was introduced in 2008 by Satoshi Nakamoto as a response to the 2008 financial crisis, which led to widespread economic instability and a lack of trust in traditional currencies. However, Schiff believes that just as Bitcoin emerged as an alternative to traditional currencies during the 2008 crisis, it will inevitably fail during the ongoing major economic collapse in 2025.

Schiff's prediction comes as stock markets have recently suffered significant losses following President Trump's announcement of sweeping tariffs on imported goods on April 2. The introduction of a 125% retrospective tariff on Chinese imports has ignited market uncertainty, with the NASDAQ Composite plummeting 11.4% and the S&P 500 dropping 10.5%.

In response to Schiff's warning, the digital asset's price has further declined. Investment funds such as the Bitcoin ETFs have lost $871.6 million over the past six consecutive days, despite Bitcoin's slow recovery. The crisis has also led to a decline in gold, but its value has increased in the short term, reaching a new record high of $3,175.

Schiff's stance on Bitcoin's vulnerability to economic crises comes as the US government has established a Strategic Bitcoin Reserve and Michael Saylor's firm, Strategy, holds 528,185 BTC. Schiff has criticized Saylor's approach, arguing that the U.S. would have avoided losses and experienced a 2% gain if the government had sold its Bitcoin reserves and invested in gold.

Schiff's warning has sparked debate among cryptocurrency enthusiasts, with some questioning the legitimacy of Bitcoin as a store of value in times of economic uncertainty. Meanwhile, others argue that Schiff's prediction is unfounded and that Bitcoin has the potential to thrive in a global financial crisis.

As the cryptocurrency market continues to navigate the challenges posed by the ongoing economic downturn, investors are left wondering whether Schiff's prophecy will come true and whether Bitcoin's future remains uncertain.