Asked about the down years that preceded recoveries in Bitcoin, gold, and the Nasdaq, Peter Schiff argues that the current backdrop is different. In his view, Bitcoin’s failure to rise despite the best news it has ever received signals an impending decline. He calls Bitcoin “all hype,” saying it generates neither income nor dividends. He also claims that Bitcoin ETFs and treasury companies now hold a significant share of supply, increasing the likelihood of speculative capital exiting the market. He forecasts a massive washout and expects long-term bulls to buy at cheaper prices after leveraged speculators are cleared out.
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