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Peter Schiff on Sunday said Bitcoin’s (CRYPTO: BTC) refusal to crash has caught him off guard, even as he still expects the token to hit new lows. Why Bitcoin Held Up While Gold Reversed Schiff told The Wolf Of All Streets podcast that gold and Bitcoin both rallied on the same debasement-trade narrative after Treasury
Bitcoin is entering historically challenging September after a 25% August rebound. Macro strategist Mike McGlone cites $77,000-$78,000 as a bearish opportunity; other views expect consolidation in the low-to-high $70,000s.
Investors exit gold and bitcoin ETFs as debasement trade loses favor. Outflows signal shift in investment sentiment.