Bitcoin round tripped gains after a spike to $70,000 as liquidity traps began to characterize BTC price action on the US bank holiday.
Bitcoin (BTC) has slipped back to price levels last seen in October 2024, the exact moment when whales began their most recent accumulation phase. On-chain data now shows these large holders are continuing to buy, not exit, suggesting the current downturn may be viewed as a re-entry opportunity rather than a reason to flee. Whales Accumulate as Retail Fears Grow According to pseudonymous market watcher CW8900, there has been a steady accumulation among large BTC and Ethereum (ETH) holders. They wrote that Bitcoin’s current price matches the zone where whales started buying in October 2024, and they claim accumulation has increased rather than slowed. “Despite the decline in $BTC, accumulation continues. In fact, it’s increasing,” CW8900 said. In a separate post, the analyst noted that Ethereum whales now hold positions at losses comparable to earlier cycle lows, which they described as a pattern seen near bottoms. The expert wrote regarding the giant ETH holders, “Their target is the upcoming rally. They are still accumulating massive amounts in preparation for a bull market.” Market data supports the context behind those claims, with numbers from CoinGecko showing BTC changing hands near $69,000 after moving between $68,000 and $71,000 in the past day. The asset is down about 2% this week, 10% over two weeks, and nearly 28% in a month. On its part, ETH is showing deeper losses. At the time of writing, the token was trading at just under $2,000 after falling about 40% in a month and 13% in two weeks. Despite the prevailing conditions, Fundstrat’s Tom Lee believes ETH will rebound fully. He pointed to eight separate drawdowns exceeding 50% that the world’s second-largest cryptocurrency has faced since 2018, including a 64% drop earlier last year. In every case, the asset formed a V-shaped bottom and recovered completely. However, not all large positions have survived. Trend Research, once Asia’s largest ETH long, closed its final position last week after accumulating $2.1 billion in leveraged longs. According to Arkham, the exit resulted in an $869 million realized loss and came even after founder Jack Yi had predicted ETH would reach $10,000 just days before. Diverging Signals Not all indicators are leaning bullish, as revealed by analyst Wise Crypto, who said Bitcoin’s recent 9% rebound between February 12 and February 15 may be a trap. The market technician pointed to hidden bearish divergence on 12-hour charts and a 90% surge in NUPL, which indicated a higher sell risk, with key support levels sitting at $65,000 to $66,000, and $60,000 as the major psychological floor. To add context to that caution, a recent poll run by chartist Ali Martinez found that only 22.7% of respondents believed $60,000 was the cycle low, while the largest share expected prices to fall toward $38,000. Interestingly, market intelligence provider Santiment has noted that BTC typically moves opposite crowd expectations, suggesting a potential rally if fear continues to dominate sentiment. The post Bitcoin Whales Accumulate as BTC Price Revisits 2024 Entry Zone appeared first on CryptoPotato .
Morpho Association agrees with Apollo affiliates on token purchases and cooperation to support onchain lending. The Morpho Association announces a cooperation agreement with certain affiliates of Apollo Global Management, Inc., dated February 13, 2026, in Paris, under which Apollo may acquire MORPHO tokens via open‑market purchases, over‑the‑counter transactions, and other arrangements up to a cap
BitcoinWorld Silver Prices Slide as Crucial Fed Rate Cut Hopes Diminish Amid Ongoing Geopolitical Uncertainty Global silver markets experienced notable downward pressure this week as shifting monetary policy expectations and persistent geopolitical conflicts reshaped investor sentiment toward precious metals. The white metal, often viewed as both an industrial commodity and a safe-haven asset, faced selling pressure across major trading platforms including the COMEX and London Bullion Market. Market analysts observed this trend developing throughout early 2025, reflecting broader economic recalibrations. Consequently, traders adjusted their positions in response to evolving central bank signals and international tensions. Silver Market Dynamics and Federal Reserve Policy Impact Federal Reserve communications throughout January and February 2025 significantly influenced silver price movements. Initially, markets anticipated potential rate cuts during the second quarter. However, recent economic data prompted reconsideration. The Consumer Price Index report for January showed persistent inflationary pressures. Additionally, robust employment figures indicated continued economic strength. These developments collectively reduced expectations for imminent monetary easing. Federal Reserve Chair Jerome Powell emphasized data dependency during recent congressional testimony. He specifically noted the need for “greater confidence” in inflation trending toward the 2% target. Consequently, interest rate futures markets adjusted their projections. The probability of a June rate cut declined from 68% to 42% within two weeks. Higher interest rates typically strengthen the U.S. dollar while increasing the opportunity cost of holding non-yielding assets like silver. This fundamental relationship explains much of the recent price pressure. Historical Context and Comparative Analysis Examining historical patterns reveals important context for current silver market behavior. During the 2015-2018 rate hike cycle, silver prices declined approximately 15% over 18 months. However, the 2004-2006 period saw silver gain 120% despite rising rates. This divergence highlights silver’s dual nature as both monetary and industrial metal. Currently, industrial demand accounts for roughly 55% of total silver consumption. The photovoltaic sector represents the fastest-growing segment, with solar panel installations increasing 35% annually. Nevertheless, monetary factors currently dominate short-term price action. The following table illustrates recent price correlations: Time Period Silver Price Change Fed Policy Stance Primary Driver Q4 2024 +8.2% Dovish Expectations Rate Cut Speculation Jan 2025 -4.7% Neutral to Hawkish Strong Economic Data Feb 2025 (to date) -3.1% Reduced Cut Probability Inflation Persistence Geopolitical Tensions and Their Market Implications Multiple geopolitical flashpoints continue affecting global commodity markets, including silver. The ongoing conflict in Eastern Europe entered its third year with no clear resolution. Additionally, Middle Eastern tensions escalated following recent naval incidents in critical shipping lanes. These developments typically support precious metals through safe-haven demand. However, the current environment presents a complex dynamic. Rising geopolitical risk often strengthens the U.S. dollar as investors seek dollar-denominated assets. This dollar strength can offset traditional safe-haven flows into precious metals. Furthermore, specific industrial impacts merit consideration. Silver plays crucial roles in defense technologies and renewable energy infrastructure. Supply chain concerns regarding Russian and Chinese silver exports have emerged. The London Bullion Market Association reported a 12% decline in available physical silver inventories since December. Market participants monitor several key indicators: Dollar Index Performance: The DXY reached three-month highs, pressuring dollar-denominated commodities Central Bank Purchases: Official sector buying provided underlying support despite price declines ETF Flows: Global silver ETF holdings decreased by 8.2 million ounces in February Manufacturing Data: Global PMI readings showed modest expansion in electronics sector demand Expert Perspectives on Market Conditions Financial institutions and commodity analysts offered varied interpretations of current silver market conditions. Goldman Sachs commodity research maintained a neutral rating on silver, citing balanced risk factors. Their analysts noted that “industrial demand fundamentals remain constructive, particularly in green technology applications.” Conversely, JPMorgan’s metals team expressed caution regarding near-term price prospects. They highlighted decreasing speculative positioning in silver futures as evidence of waning investor enthusiasm. The CFTC’s Commitments of Traders report confirmed this trend, showing managed money net longs declining for three consecutive weeks. Independent analysts from the Silver Institute provided additional context. They emphasized structural supply deficits persisting in the physical market. Mine production increased only 2% in 2024 while industrial demand grew 5%. This fundamental mismatch suggests potential support for prices despite current headwinds. Technical Analysis and Trading Patterns Chart analysis reveals important technical levels for silver prices. The metal recently breached its 100-day moving average around $23.50 per ounce. This development triggered additional selling from algorithmic trading systems. Furthermore, the relative strength index declined to 42, indicating weakening momentum without reaching oversold conditions. Volume patterns showed increased activity during down days, suggesting distribution. Key support levels now cluster between $22.80 and $23.20, representing the December 2024 consolidation zone. Resistance appears near $24.40, coinciding with the 50-day moving average and previous support. Options market data reveals growing interest in downside protection. The put/call ratio for silver options reached its highest level since October 2024. This metric suggests increased hedging activity among institutional investors. Meanwhile, silver-gold ratio analysis provides broader perspective. The ratio currently stands at 86:1, slightly above its five-year average of 84:1. This valuation suggests silver remains reasonably priced relative to gold despite recent underperformance. Industrial Demand and Supply Considerations Beyond financial markets, physical supply and demand fundamentals warrant examination. The photovoltaic industry represents the largest growth segment for silver consumption. Solar panel manufacturers utilized approximately 140 million ounces of silver in 2024. Projections indicate this figure could reach 185 million ounces by 2026. Automotive electrification provides another significant demand source. Electric vehicles typically contain 25-50 grams of silver, compared to 15-28 grams in conventional vehicles. On the supply side, primary silver mine production faces challenges. Several major operations in Mexico and Peru reported declining ore grades. Additionally, capital expenditure for silver exploration decreased 18% in 2024 according to S&P Global Market Intelligence. Recycling rates improved modestly but remain below historical averages. These structural factors create a complex backdrop where short-term financial market movements interact with longer-term physical fundamentals. Conclusion Silver prices currently navigate competing influences from monetary policy expectations and geopolitical developments. The diminishing prospect of near-term Federal Reserve rate cuts has removed a key support pillar for precious metals. Simultaneously, geopolitical tensions create conflicting signals through dollar strength and safe-haven demand. Market participants must monitor several evolving factors including inflation data, central bank communications, and industrial demand indicators. While near-term technical patterns suggest continued pressure, structural supply deficits and growing industrial applications provide fundamental support. The silver market therefore presents a complex landscape where financial and physical factors intersect. Careful analysis of both monetary policy developments and geopolitical dynamics remains essential for understanding price movements in this historically volatile commodity. FAQs Q1: Why do silver prices fall when rate cut hopes diminish? Higher interest rate expectations typically strengthen the U.S. dollar while increasing the opportunity cost of holding non-yielding assets like silver. This dual pressure often leads to price declines as investors reallocate capital toward yield-bearing alternatives. Q2: How do geopolitical tensions typically affect silver prices? Geopolitical uncertainty traditionally supports precious metals through safe-haven demand. However, such tensions often strengthen the U.S. dollar simultaneously. The resulting currency effect can sometimes offset safe-haven flows, creating complex price dynamics. Q3: What percentage of silver demand comes from industrial applications? Approximately 55% of annual silver demand originates from industrial applications. The photovoltaic sector represents the fastest-growing segment, followed by electronics, automotive, and medical applications. Investment and jewelry demand account for the remainder. Q4: How does silver differ from gold in its market behavior? Silver exhibits higher volatility than gold due to its smaller market size and dual role as both monetary and industrial metal. While both respond to similar macroeconomic factors, silver shows greater sensitivity to industrial demand cycles and economic growth expectations. Q5: What key indicators should investors monitor for silver price direction? Important indicators include Federal Reserve policy communications, U.S. dollar strength, inflation data, geopolitical developments, industrial production figures, ETF flows, and the silver-gold ratio. Physical supply-demand balances from the Silver Institute also provide valuable fundamental context. This post Silver Prices Slide as Crucial Fed Rate Cut Hopes Diminish Amid Ongoing Geopolitical Uncertainty first appeared on BitcoinWorld .
RWAs grew 13.5% in the last month, ETH leads with a net increase of $1.7B. Resilience stood out while the market lost $1T. BlackRock BUIDL on Uniswap. ETH technical: $1,979, S1 $1,966 support. Inst...
BitcoinWorld China’s Managed Yuan Strategy: How a Record Trade Surplus Fuels Remarkable Currency Stability BEIJING, March 2025 – China’s yuan demonstrates remarkable stability as the nation’s record trade surplus provides unprecedented backing for its managed currency strategy, according to comprehensive analysis from Commerzbank. This development represents a significant shift in global currency dynamics, offering crucial insights for international markets and policymakers navigating 2025’s complex financial landscape. China’s Managed Yuan Framework and Trade Surplus Dynamics The People’s Bank of China maintains a carefully managed floating exchange rate system for the yuan. This approach allows market forces to influence the currency’s value within predetermined bands. Meanwhile, China’s trade surplus reached unprecedented levels in early 2025, creating substantial foreign exchange reserves. These reserves now exceed $3.5 trillion, providing exceptional support for currency management policies. Commerzbank’s analysis reveals several critical mechanisms connecting trade performance to currency stability. First, export revenues generate continuous foreign currency inflows. Second, these inflows increase China’s capacity to intervene in currency markets when necessary. Third, the surplus reduces external vulnerability by decreasing reliance on foreign capital. Consequently, China gains enhanced monetary policy autonomy while maintaining exchange rate stability. The Structural Components of China’s Trade Advantage China’s trade surplus stems from multiple structural factors that have evolved significantly since 2020. The nation has systematically upgraded its manufacturing capabilities toward higher-value products. Additionally, regional trade agreements have expanded market access for Chinese exports. Furthermore, domestic consumption patterns continue to favor locally produced goods over imports in several key sectors. The following table illustrates China’s trade balance evolution across major sectors: Sector 2023 Surplus (USD billions) 2024 Surplus (USD billions) Primary Markets Electronics & Technology 312 345 ASEAN, EU, USA Industrial Machinery 189 215 Latin America, Africa Renewable Energy Equipment 87 134 Global Emerging Markets Consumer Goods 156 168 Global Distribution Commerzbank’s Analysis of Currency Management Mechanisms Commerzbank economists identify specific mechanisms through which trade surpluses support currency management. The central bank utilizes foreign exchange reserves to smooth volatility through strategic interventions. These interventions typically occur during periods of excessive appreciation pressure or during global market turbulence. Moreover, the reserves provide psychological support that discourages speculative attacks against the yuan. The analysis highlights several key findings: Reserve accumulation has accelerated despite global monetary tightening Intervention frequency has decreased as confidence in the yuan strengthens Market expectations have stabilized around current exchange rate bands International usage of yuan in trade settlement continues gradual expansion Historical Context and Policy Evolution China’s currency management approach has evolved significantly since the 1990s. Initially, the yuan maintained a fixed peg to the US dollar. Subsequently, the nation introduced managed floating in 2005. More recently, policy adjustments have increased market determination while maintaining stability as the primary objective. This gradual evolution reflects China’s balancing act between economic openness and financial stability. Throughout this evolution, trade performance consistently influenced policy decisions. Periods of strong surplus growth typically coincided with reduced intervention needs. Conversely, temporary trade weakness sometimes prompted more active management. The current record surplus therefore represents both an achievement and a policy tool for monetary authorities. Global Implications of China’s Currency Strategy China’s managed yuan approach backed by substantial reserves creates significant implications for global markets. First, it contributes to relative stability in emerging market currencies. Second, it influences global capital flows by affecting investor risk perceptions. Third, it impacts trade competitiveness calculations for nations exporting similar goods. Finally, it shapes international monetary system evolution toward greater multipolarity. Regional effects vary considerably across different economic zones. Asian trading partners experience both competitive pressures and stability benefits. European manufacturers face mixed impacts depending on their sector specialization. Meanwhile, commodity-exporting nations observe changing patterns in their terms of trade. These complex interactions require careful analysis by international businesses and policymakers. Comparative Analysis with Other Major Currencies The yuan’s management contrasts sharply with freely floating currencies like the US dollar and euro. However, it shares some characteristics with other managed currencies in emerging markets. What distinguishes China’s approach is the scale of reserves supporting its policy. This scale provides exceptional capacity to maintain stability during global financial stress. Commerzbank’s comparison reveals several distinctive features: Intervention capacity exceeds that of any other emerging market Policy transparency has increased but remains below developed market standards Internationalization progress continues despite capital account restrictions Market confidence appears stronger than during previous periods of trade tension Future Trajectory and Market Expectations Market participants generally expect continued stability in China’s yuan throughout 2025. Several factors support this expectation. First, trade surplus sustainability appears robust given current global economic patterns. Second, policy commitment to stability remains strong according to official communications. Third, international currency diversification trends may gradually increase yuan demand. Potential challenges nevertheless warrant monitoring. Global recession risks could eventually reduce export demand. Additionally, geopolitical tensions might affect currency market sentiment. Furthermore, domestic economic rebalancing could alter trade patterns over the medium term. Commerzbank analysts therefore recommend continuous assessment rather than static assumptions about yuan stability. Expert Perspectives on Long-Term Sustainability Financial institutions beyond Commerzbank offer complementary perspectives on China’s currency management. Most acknowledge the current strength provided by trade surpluses. However, opinions diverge regarding long-term sustainability. Some emphasize structural advantages in manufacturing and supply chains. Others highlight potential vulnerabilities from demographic shifts and debt levels. The consensus recognizes that China’s approach represents a distinctive model in global finance. This model combines substantial state capacity with increasing market mechanisms. Its continued evolution will significantly influence international monetary arrangements. Consequently, understanding its dynamics remains essential for global investors and policymakers alike. Conclusion China’s managed yuan strategy achieves remarkable stability through unprecedented trade surplus backing, according to Commerzbank’s comprehensive analysis. This stability results from deliberate policy frameworks, substantial foreign exchange reserves, and evolving global economic patterns. The yuan’s performance significantly influences international currency markets while supporting China’s broader economic objectives. As global financial conditions evolve throughout 2025, China’s currency management approach will continue serving as a crucial reference point for emerging market policies and international monetary system development. FAQs Q1: What does “managed yuan” mean in practical terms? China’s managed yuan refers to a floating exchange rate system where market forces operate within central bank-established bands. The People’s Bank of China intervenes selectively to prevent excessive volatility while allowing gradual adjustment to economic fundamentals. Q2: How does a trade surplus support currency stability? A trade surplus generates continuous foreign currency inflows, increasing foreign exchange reserves. These reserves enable central bank interventions to smooth volatility and provide psychological confidence that discourages speculative attacks against the currency. Q3: What makes China’s current trade surplus particularly significant? The surplus reached record levels in early 2025 despite global economic headwinds. Its scale and sustainability provide exceptional support for currency management, exceeding previous periods and distinguishing China from other emerging markets. Q4: How does Commerzbank’s analysis differ from other financial institutions? Commerzbank provides detailed examination of specific mechanisms connecting trade performance to currency management. Their analysis emphasizes both structural factors and policy frameworks while maintaining neutral, evidence-based assessment. Q5: What are the main risks to China’s currency stability in 2025? Potential risks include global recession reducing export demand, geopolitical tensions affecting market sentiment, and domestic economic rebalancing altering trade patterns. However, substantial reserves provide significant buffer against most foreseeable challenges. This post China’s Managed Yuan Strategy: How a Record Trade Surplus Fuels Remarkable Currency Stability first appeared on BitcoinWorld .
Binance logs months of growing stablecoin outflows, echoing deeper risk aversion among crypto traders. Stablecoin reserves on Binance have dropped by $9 billion since November, amplifying market caution. Continue Reading: Stablecoin Withdrawals Accelerate on Binance as Crypto Sentiment Sours The post Stablecoin Withdrawals Accelerate on Binance as Crypto Sentiment Sours appeared first on COINTURK NEWS .
The latest projection from the Bitcoin ( BTC ) Rainbow Chart suggests the asset could trade in a wide range between $41,882 and $459,303 by March 1, 2026. This outlook comes as Bitcoin continues to face key rejections amid a broader cryptocurrency market correction. At press time, the asset was trading at $68,508, down 2.5% in the past 24 hours and about 0.3% on the weekly timeframe. Bitcoin seven-day price chart. Source: Finbold The Rainbow Chart is a long-term valuation framework rather than a short-term timing tool. Based on current prices and past cycle trends, it indicates notable upside potential over the next year, ranging from steady gains to a possible late-cycle surge depending on market momentum. Bitcoin price prediction For March 1, the lowest band, ‘Basically a Fire Sale,’ ranges from $41,882 to $54,704 and signals extreme undervaluation where long-term investors have historically stepped in aggressively. Above that, the ‘BUY’ zone spans $54,704 to $73,737, indicating strong value territory with favorable risk-reward conditions. The ‘Accumulate’ band, between $73,737 and $95,191, reflects relatively cheap pricing within the broader cycle, often associated with steady long-term positioning. Bitcoin Rainbow chart. Source: BlockhainCenter At the same time, the ‘Still Cheap’ range extends from $95,191 to $122,925, suggesting Bitcoin remains undervalued but no longer deeply discounted. The ‘HODL’ zone, from $122,925 to $160,927, represents fair value within a bullish cycle where holding, rather than aggressive buying, has historically been favored. The ‘Is This a Bubble?’ band runs from $160,927 to $204,932, indicating rising speculative enthusiasm and elevated valuations. Meanwhile, the ‘FOMO Intensifies’ range, between $204,932 and $262,522, signals accelerating investor excitement and momentum-driven buying. The ‘Sell. Seriously, SELL!’ zone spans $262,522 to $341,636 and has historically been associated with late-cycle euphoria and heightened correction risk. At the top, ‘Maximum Bubble Territory’ ranges from $341,636 to $459,303, reflecting extreme overvaluation conditions that have previously preceded major reversals. Bitcoin’s possible price for March 1 With Bitcoin trading at $68,508 on February 16, it currently sits within the ‘BUY’ region based on the March 2026 forward curve, slightly above the lower accumulation threshold. If Bitcoin follows the model’s mid-range trajectory, a move toward the ‘HODL’ or ‘Is This a Bubble?’ zones would imply a price between roughly $122,000 and $200,000 by March 1, 2026. A full speculative cycle similar to prior halving-driven rallies could push prices into the $260,000 to $340,000 range, while an extreme euphoric phase would require a surge toward or above $400,000. Conversely, if macroeconomic pressure or weakened demand slows the cycle, Bitcoin could remain below $95,000 in early 2026, keeping it within the accumulation bands rather than entering overheated territory. Featured image via Shutterstock The post Bitcoin Rainbow Chart predicts BTC for March 1, 2026 appeared first on Finbold .
Cryptocurrency markets can feel chaotic, but sometimes history leaves clues. Traders often hunt for patterns that separate fleeting volatility from meaningful trend shifts. Among the most watched tools in crypto analysis are fractals—repeating price structures that hint at potential market turning points. When interpreted correctly, they can help investors anticipate major moves before sentiment fully catches up. Crypto analyst Egrag Crypto recently shared a striking fractal overlay on X, comparing XRP’s current trajectory with Bitcoin’s historical performance from 2019 to 2023. Egrag Crypto highlights that fractals can be predictive but aren’t guaranteed: “Fractals are predictive when they work, until they Sufucks everyone.” According to his analysis, XRP now occupies a position analogous to Bitcoin’s pre-rally bottom in 2023—though delayed by roughly three years—suggesting that a significant upside could be approaching sooner than many investors expect. #XRP – Same Fractal. Different Timing. #BTC : My Humble Stance on Fractals: Fractals are predictive when they work, until they Sufucks everyone( Sucks and Fucks). And this one is telling us something important We’re closer than many things pic.twitter.com/HRwyp4Ja8p — EGRAG CRYPTO (@egragcrypto) February 16, 2026 Fractals in Crypto: How Patterns Predict Moves Fractals identify recurring structures across timeframes, offering predictive insight when combined with volume and trend confirmation. Peer-reviewed research, including studies published in the Journal of Technical Analysis, shows that fractal patterns achieve 70–85% reliability in volatile markets like crypto when supported by strong liquidity. For XRP, the overlay indicates that the current consolidation mirrors Bitcoin’s pre-rally accumulation, hinting at the potential for a major upward movement if history repeats. Timing Is Everything Egrag emphasizes that fractals signal probability, not certainty. The current XRP pattern suggests that the market may be closer to a substantial surge than sentiment implies. If volume and adoption trends confirm, the fractal alignment could play out toward his $27 target by late 2026, offering investors a forward-looking framework to anticipate cyclical inflection points. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 What Investors Should Watch For XRP holders, fractals provide more than theoretical insight—they highlight actionable zones of accumulation, breakout potential, and risk management. Pairing fractal analysis with on-chain metrics, institutional inflows, and macro market trends can help investors identify when XRP might gain momentum independently , strengthening both short-term trading strategies and long-term positioning. Looking Ahead Fractal overlays like Egrag Crypto’s help contextualize XRP’s current market position. By monitoring volume, adoption, and broader market signals, investors can assess whether XRP is poised for a meaningful rally. Egrag’s analysis suggests the next big move may be closer than most expect, reinforcing the value of disciplined, data-driven strategies in navigating the crypto landscape. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on Twitter , Facebook , Telegram , and Google News The post XRP Fractal Signals: the Next Big Rally Could Be Closer Than You Think appeared first on Times Tabloid .
Bitcoin (BTC) skeptic and chief economist Peter Schiff has launched a new attack on the world’s largest cryptocurrency. This time, Schiff argues that BTC is not a threat to the global financial system but rather to those who invest in it. His latest negative remark comes after years of relentless criticism of BTC and continuous advocacy for gold and precious metals . Schiff Labels Bitcoin A Threat To Investors In an X post on February 14, Schiff issued a fresh critique of Bitcoin, adding to his long history of negative remarks about the leading cryptocurrency. The chief economist claimed that “Bitcoin is only a threat to those who buy it.” His latest remarks came in response to crypto commentator Jeff Swanson, who had mocked gold enthusiasts for obsessively tweeting about Bitcoin despite calling it irrelevant. Swanson’s statements were also a response to a post by ‘Nostra, House of gold,’ another economist on X, who said that if BTC falls to $60,000, it could become a liquidity trigger . Schiff’s recent jab at Bitcoin fits his long-standing narrative that the cryptocurrency lacks real value and mainly puts buyers at risk. He has often argued against the idea that Bitcoin is a digital version of gold , suggesting that, unlike gold, which he sees as a real store of value, BTC is a speculative asset with no physical use and likening it to a Ponzi scheme . Interestingly, Swanson fired back at Schiff’s claims that BTC poses a threat to holders. He noted that the very fact that gold enthusiasts continue to discuss and criticize Bitcoin shows that it matters. He also stated that their strong reactions to BTC indicate they recognize it as a potential challenge to gold’s role as money . Swanson highlighted that if BTC were truly a useless asset with a negligible market share or a currency destined to collapse , it would largely be ignored. Yet critics continue to debate and discuss it. While the crypto commentator admitted that he does not foresee gold ever going to zero, he predicted that it will steadily lose ground to Bitcoin over the coming decades. Schiff Continues His Gold Advocacy Over Bitcoin As much as Schiff opposes Bitcoin, he is equally, if not more, enthusiastic about gold and other precious metals. In a recent post, the economist said that BTC is gradually approaching the $70,000 mark, emphasizing the cryptocurrency’s continuous decline over the past weeks to levels not seen since 2024. As an alternative to the flagship cryptocurrency asset, Schiff has encouraged investors to buy gold or silver as a hedge against inflation. He often characterizes BTC as an unreliable asset that he believes will eventually fall to zero in the coming years. His latest long-term forecast for the leading cryptocurrency suggests it might crash to $10,000 and find support there.