Bitcoin’s longtime critic Peter Schiff has once again issued an offensive statement to all BTC holders. “Bitcoin was born out of the 2008 financial crisis. Ironically, the 2025 financial crisis will kill it.”
In addition to touching on the fundamentals of Bitcoin’s existence, this statement is predicted about its harsh future. The systematic flaws published during the 2008 financial crisis served as direct inspiration for the creation of Bitcoin in 2009.
The Bitcoin whitepaper, which provided a decentralized peer-to-peer currency impermeable to centralized operations, was published in response to major bank failures and general distrust of traditional finances. In this way, Bitcoin served as a protest against the shortcomings of the Fiat system. In 2025, economic tremors are once again affecting global markets. An international financial crisis is once again feared as interest rate volatility tightens credit requirements and geopolitical unrest.
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Schiff claims that this setting will be
A stronger foundation than during previous revisions could be provided by the institutional recruitment regulatory framework and growing use cases. Technically speaking, Bitcoin has recovered from its recent lows and is currently trading nearly $82,000. With the help of a robust purchase volume and an RSI shift to the neutral realm, momentum is gaining.
However, if market confidence does not improve, the gathering could close with overhead resistance ($85,000 and $87,800) close to the 100- and 200-day moving averages. It is unclear whether Bitcoin is a victim or hero of the 2025 crisis. But it definitely goes against one of the most important tests of that life.
