Peter Schiff: Bitcoin 'Was Born From' The 2008 Crisis; The 2025 Crisis 'Will Kill It'

The position of Bitcoin as a hedge against economic troubles is once again challenged by Peter Schiff. Posting on X, Schiff stated: " Bitcoin was born after the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it."

This strong assertion comes at a time when Bitcoin is experiencing political instability and bearish technical indicators. Bitcoin recovered after the tax enforcement was postponed, but are the technical indicators pessimistic? After dropping below $75,000 earlier this week due to the threat of tariffs from the United States, BTC has recovered and is currently trading at around $81,300. The recovery comes after Trump postponed tariffs for 90 days ( except for China )—easing current market concerns. However, some still question whether this rally can last. Analyst Ali Martinez points to several bearish indicators on the daily chart. He noted that a death cross has formed, the SuperTrend remains in 'sell' mode, and the monthly opening level of $82,500 continues to act as resistance

The next barriers include the downward trend line from the all-time high of around $84,000, with the 50-day and 200-day moving averages fluctuating around $85,800 and $87,000, respectively. However, Martinez also emphasized that $94,500 is still an important bullish target if Bitcoin can surpass the current resistance level. Analyze Bitcoin price Looking at the chart below, it is clear that BTC is fluctuating near the Bollinger Band middle at (,138 dollars), indicating signs of consolidation. The lower band at $77,043 has been tested recently, indicating that buyers have entered at the support level. The narrow bands suggest that a breakout is ahead—although the direction remains uncertain.

Meanwhile, the (Relative Strength Index) is currently at 46.47, positioned in the neutral zone, neither overbought nor oversold. If the RSI rises above 50 and is confirmed with a spike in volume, a price increase towards $85,000–$87,000 may occur. While Schiff predicts the apocalypse, is the global adoption of Bitcoin accelerating? Ironically, Schiff's prediction comes at a time when Bitcoin adoption is accelerating globally. Matthew Sigel, head of digital asset research at VanEck, notes that geopolitics and policy responses are shaping the narrative around Bitcoin. Sigel stated that Bitcoin has outperformed Nasdaq during key periods. He believes that central bank actions—if tariffs slow GDP without spurring inflation—could benefit digital assets. From speculation to resolution: How Bitcoin use cases challenge critics Bitcoin is increasingly being used for international transactions. China and Russia are paying for energy transactions using Bitcoin and other digital assets. Bolivia plans to import electricity using cryptocurrency and even the giant energy group EDF from France is considering mining Bitcoin with excess electricity. These use cases show that Bitcoin is transitioning from a speculative asset to a currency tool - useful for countries that want an alternative to the USD or the US financial system.