The post Economist Peter Schiff Says Bitcoin Won’t Survive 2025 Financial Crisis – What the Crypto Community Thinks appeared on BitcoinEthereumNews.com.

Rising trade tensions, including a proposed 145% U.S. tariff on Chinese imports, have escalated fears of prolonged market instability for Bitcoin and crypto. March’s soft inflation data (CPI up 0.1%) and expectations of a Federal Reserve rate cut amid economic uncertainty. Economist and gold proponent Peter Schiff, has predicted that Bitcoin (BTC) will be in shambles by the time the world’s economic crisis has fully deepened. This created massive controversy in the crypto world as BTC enthusiasts strongly negate the narrative. Peter Schiff’s Latest Comment On Bitcoin Future In a post on X (formerly Twitter), Schiff argued that the next financial meltdown may spell the end for Bitcoin, the very asset that emerged from the 2008 crisis. “Bitcoin was created in response to the financial instability of 2008,” Schiff wrote. The economist added, “It’s ironic that a similar crisis in 2025 could mark its demise.” Such remarks are made at a time of elevated turbulence in financial markets, thanks mainly to rising global trade hostilities. The United States has recently taken a huge step towards economic uncertainty by proposing such a humongous 145% tariff on many of the Chinese goods being imported. Beijing has vowed countermeasures and in response, fears of an equally long trade war and volatile markets have escalated. Moreover, the crypto market also suffered prior to the recent rebound. Earlier this year, Bitcoin price soared above $100,000 for the first time and had fallen down to around $72,000, showcasing a 28% plunge. Digital asset economy-related companies, such as Coinbase and Strategy (formerly MicroStrategy) suffered losses following the price retreat, as highlighted in our previous report.  Thereafter, U.S. President Donald Trump took the step of freezing new tariffs targeting multiple nations for 90 days to try and tamp down investor nerves. The announcement provided temporary relief as Bitcoin…

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Filed under: News - @ April 12, 2025 3:34 am