Peter Schiff, a well-known Bitcoin critic, has once again expressed concerns about the potential collapse of the cryptocurrency in light of economic crises.
Bitcoin in Danger Again
Peter Schiff continues to express negative views on Bitcoin, claiming it has no intrinsic value and its price depends entirely on speculation. In a recent tweet, he stated:
"Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it."
This statement highlights his belief in the correlation between Bitcoin's origin and its potential downfall.
Economic State in 2025
To evaluate whether Bitcoin can withstand another financial crisis, it's crucial to consider the context of the current one. So far, the 2025 crisis has been largely driven by policy decisions, particularly the imposition of high tariffs. On April 1, 2025, the U.S. President announced significant tariff hikes on goods from over 75 countries.
These measures, particularly affecting China, triggered sharp market fluctuations and stock index declines, severely impacting investor confidence.
Bitcoin During Crises
Although still young compared to traditional assets, Bitcoin has already weathered multiple crises. For instance, in March 2020 during the economic collapse, its price dropped by more than 50%, but it quickly rebounded.
It's also worth noting that in 2022, the price of Bitcoin saw a significant decline after the collapse of several crypto firms. However, in early 2023, it rose again amid concerns regarding the safety of funds in traditional banks. This highlights the volatility of Bitcoin's role in financial markets.
Opinions on the future of Bitcoin are varied and nuanced. While some perceive it as a threat, others see it as an asset capable of adapting and surviving amid new economic realities.
