Schiff Warn Trump Bitcoin Push Dey Threaten Dollar, Predict Crash
Gold big man Peter Schiff don sharply tok say im no happy wit recent cryptocurrency law dem, e warn say President Trump effort for Bitcoin plus bills like GENIUS Act and CLARITY Act fit make decentralized Ponzi scheme become acceptable. Schiff talk say stablecoins wey GENIUS Act allow no fit help the USA dollar wey dey weak and Trump plan 401(k) crypto order fit make dollar fall faster plus cause Bitcoin crash. E compare to 17th century Dutch tulip craze, talk say stablecoin idea na nonsense and say digital assets na new delusion wey dey distract from serious gold-backed money policy. Schiff talk come at same time market begin fall, Bitcoin drop 2% and major altcoins like ETH, XRP, BNB, and SOL lose the gains dem make.
Bearish
Peter Schiff high-profile wahala and warning fit spoil traders mind, e fit make Bitcoin short-term sell-off quick if investors dey fear say regulatory support na like Ponzi schemes. The way stablecoin law no fit hold dollar strong add more bearish wahala, traders fit comot their position because dem dey fear say the whole market fit collapse. For long term, the negative talk from big critics fit slow down institutional adoption and make confidence fall, keep pressure down on Bitcoin price. But some traders fit see the fall as chance to buy, e fit make prices bounce small small for small time.