Bitcoin was born out of the 2008 financial crisis, will die in the 2025 crisis, says Peter Schiff

Renowned gold advocate and Bitcoin critic Peter Schiff has reignited debate around the future of cryptocurrencies, claiming that the very crisis that birthed Bitcoin in 2008 may lead to its downfall in 2025.

In a post on X (formerly Twitter), Schiff wrote, “Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.”



Schiff's assertion comes as Bitcoin experiences significant volatility amid escalating global trade tensions. Recently, the U.S. imposed a 145% tariff on Chinese imports, prompting retaliatory measures from China. This escalation has led to concerns about global economic growth and increased market volatility.

Bitcoin's price has reflected this uncertainty. After reaching an all-time high of over $100,000 in January 2025, it has since declined by approximately 27%, trading around $75,000 as of April 10. This downturn has also impacted crypto-related stocks, with companies like Coinbase and MicroStrategy experiencing notable losses.

In response to the economic instability, President Donald Trump announced a 90-day suspension of additional tariffs on many countries, aiming to ease market tensions. This move provided temporary relief, with Bitcoin briefly rebounding above $82,000. However, the broader concerns about the global economy persist.

Schiff has also criticized the U.S. government's recent decision to establish a Strategic Bitcoin Reserve. He argues that this move is ill-timed, especially as the value of Bitcoin held in the reserve has declined by over 12% since its inception in March 2025. Schiff suggests that investing in gold would have been a more prudent choice, noting that gold prices have seen modest gains during the same period.

While Schiff's predictions are contentious, they underscore the ongoing debate about Bitcoin's role in the global financial system, especially during periods of economic stress. As markets continue to grapple with uncertainty, the cryptocurrency's performance in the coming months will be closely watched by investors and critics alike.

Also Read: What lies ahead for Altcoins: Looking at the future of diversified portfolios

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