Schiff Warns Of Bitcoin Crash

Benzinga

Bitcoin is holding above $90,000, but analysts are split as weak liquidity and gold’s strength raise questions about whether the next move is a breakout or a sharp pullback.

Transcript

00:00It's Benzinga, bringing Wall Street to Main Street.

00:03Bitcoin is trading above $90,000 after a weekend bounce, but analysts remain divided on the next

00:07move. In a post on X, longtime Bitcoin critic Peter Schiff said, Bitcoin's failure to keep

00:13pace with gold weakens the digital gold narrative and raises the risk of a sharp crash rather than

00:18a steady rally. Crypto analyst Kevin countered that capital flows do not yet support Bitcoin

00:24tracking gold higher. He said Bitcoin has historically benefited after gold peaks,

00:30though there are no signs that this has happened. Kevin identified $4,700 to $5,100

00:36as a key resistance zone for gold and described Bitcoin as sitting at a major inflection point.

00:42He warned that weak liquidity and net money outflows could limit upside unless fresh capital

00:48returns. For all things money, visit Benzinga.com.

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