- Schiff frames BTC as speculative asset doomed by next crisis, ignores BTC evolution
- Insight: “Doomed bubble” narrative clashes with Bitcoin’s monetary tool reality
- Core disconnect: Schiff’s critique vs. Bitcoin’s real-world use expansion
Bitcoin’s status as a hedge against economic trouble is challenged again by Peter Schiff. Posting on X, Schiff stated: “Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.”
This strong claim comes as Bitcoin wades through unsteady politics and bearish technicals.
Bitcoin Rebounds on Tariff Delay, But Do Technicals Look Bearish?
After dipping below $75,000 earlier this week in response to US tariff threats, BTC rebounded, now trading nearabout $81,300.
The rebound came after Trump delayed tariffs for 90 days (excluding China)—easing market worries for now. Still, some question if the rally can last.
Analyst Ali Martinez points to several bearish indicators on the daily chart. He notes that a death cross has formed, the SuperTrend remains in ‘sell’ mode, and the monthly open of $82,500 continues to act as resistance.
Related: ‘Fed on the Clock’: Hayes Links Bond Market Stress to Coming Bitcoin Gains
Further hurdles include a descending trendline from the all-time high around $84,000, with the 50-day and 200-day moving averages hovering near $85,800 and $87,000, respectively.
That said, Martinez also highlights that $94,500 remains a key upside target if Bitcoin can push through its current resistance levels.
Bitcoin Price Analysis
Looking at the chart below, it is clear that BTC is hovering near the middle Bollinger Band ($83,138), showing signs of consolidation.
The lower band at $77,043 has been tested recently, indicating buyers stepped in at support. The narrowing bands suggest a potential breakout is on the horizon—though the direction remains uncertain.
Meanwhile, the Relative Strength Index (RSI) is currently at 46.47, sitting in neutral territory, neither overbought nor oversold. If the RSI climbs above 50 and confirms with a volume spike, a rally toward $85,000–$87,000 could be in play.
Related: Trump’s 90-Day Tariff Pause Can’t Shake Polymarket’s 65% Recession Odd
While Schiff Predicts Doom, Is Global Bitcoin Adoption Accelerating?
Ironically, Schiff’s prediction comes as Bitcoin adoption accelerates globally. Matthew Sigel, head of digital asset research at VanEck, noted geopolitics and policy responses shape Bitcoin’s narrative.
Sigel added Bitcoin beat Nasdaq over main time periods. He suggested central bank actions—if tariffs slow GDP without boosting inflation—could help digital assets.
From Speculation to Settlement: How Bitcoin’s Use Cases Challenge Critics
Bitcoin now is increasingly being used for international settlements. China and Russia are settling energy trades in Bitcoin and other digital assets.
Bolivia plans to import electricity using crypto, and even French energy giant EDF is considering Bitcoin mining using surplus power.
These use-cases suggest Bitcoin is changing from speculative asset to monetary tool—useful for nations wanting options beyond the USD or US financial systems.
Disclaimer: The information presented in this article is for informational and educational purposes only. The article does not constitute financial advice or advice of any kind. Coin Edition is not responsible for any losses incurred as a result of the utilization of content, products, or services mentioned. Readers are advised to exercise caution before taking any action related to the company.
