Peter Schiff: Bitcoin's Rally Above $72K Is A Fakeout — Here's Why He Says Buy Gold

Schiff Dismisses Bitcoin’s $72k Surge as Treasury-Fueled Fakeout

Peter Schiff, a known bitcoin critic, argued that the bitcoin rally was fake, a result of investors rushing to position liquidity as the Treasury buybacks announcement caught markets by surprise. Paradoxically, he recommended investing in gold for the same...

Bitcoin Price Analysis Today: BTC Breaks Above $72K on Treasury Buybacks and Short Squeezes

Bitcoin surged past $72,000 this week, its highest level since early June, as a US Treasury policy shift, a large short squeeze, and improving regulatory ...

Breakout or fakeout: BTC bulls and bears face off as price settles above $70K

Peter Schiff, a longtime Bitcoin critic, said on Thursday that BTC’s rise to above $72,000 is a false breakout built on a one-off Treasury move. Bullish analysts, on the other hand, regard the same week’s data as the start of a fresh cycle for Bitcoin. Will Bitcoin continue rising? Bitcoin traded around $71,447 on Thursday, up about 9% over 24 hours. The price reached a high of around $72,397 during the day, according to CoinMarketCap, its highe…

CoinStats - Bitcoin’s rally pushes past $72,000 as analys...

Analysts say the move is supported by spot and ETF demand, though BTC will need to hold above $70k to show the rally can outlast the squeeze.

Bitcoin’s Rally: JPMorgan, Standard Chartered, Peter Schiff React

Key Takeaways Standard Chartered’s Geoffrey Kendrick said Bitcoin could reach $100,000 by the end of 2026. Peter Schiff called the move above $72,000 a fakeout and argued that gold is the better trade. JPMorgan warned that Treasury buybacks may not prevent long-term yields from rising again. About $3 billion in crypto shorts were liquidated as Bitcoin broke out, amplifying the initial rally. Standard Chartered turns the buyback into a Bitcoin c…

Peter Schiff: Bitcoin's Rally Above $72K Is A Fakeout — Here's Why He Says Buy Gold

BitcoinWorld Peter Schiff: Bitcoin’s Rally Above $72K Is a Fakeout — Here’s Why He Says Buy Gold Peter Schiff, the outspoken Bitcoin critic and CEO of Euro Pacific Capital, has dismissed Bitcoin’s recent climb above $72,000 as a temporary move rather than a genuine breakout. According to a report from The Block, Schiff attributes the rally to the U.S. Treasury’s announcement of expanded Treasury buybacks, a policy shift he believes is artificia…