The post Peter Schiff Slams Bitcoin Popularity As Major Price Offset Looms appeared on BitcoinEthereumNews.com.

Popular crypto critic Peter Schiff has once again issued a critical warning about Bitcoin (BTC). This time around, Schiff is challenging the idea that Bitcoin will soon reclaim its All-Time High (ATH). His argument is based on the disparity in Bitcoin adoption between the US and Europe. He thinks the disparity would significantly affect Bitcoin’s future price trajectory. Bitcoin Adoption in the US vs Europe Taking to the social media platform X, Peter Schiff, a Gold advocate, noted that Bitcoin is currently 4% below its ATH in the US. However, he pointed out that Bitcoin is only 14% below its highs in Europe. Peter argues that Bitcoin has a subdued demand in Europe compared to the US, based on the price difference. The Gold proponent thinks the subdued BTC interest in the EU could affect its move towards new highs. Image Source: Peter Schiff on X He added that the USD is also declining against the Euro, potentially reducing Bitcoin demand in Europe. The argument assumes declining Bitcoin prices in Europe will further reduce European demand. However, several commenters countered Peter’s Bitcoin analysis. According to them, lower BTC prices could attract long-term European investors, who are seeking to buy the “dips.” Others argue that currency fluctuations are normal and do not necessarily drive long-term adoption trends. Strict crypto regulations in the EU are a key factor that may be contributing to the low demand for Bitcoin on the continent. Regulatory frameworks, such as the Markets in Crypto Assets (MiCA) regulation, have limited some banks from entering the crypto space. Bitcoin Miners’ Revenue Drops to Two-Month Lows Meanwhile, the Bitcoin mining sector is facing tough times, which have reflected in miners’ income. According to the data analytics platform, CryptoQuant, miners saw their revenue drop to a two-month low. On June 22,…

---

Filed under: News - @ June 27, 2025 10:26 am