Bitcoin party is over, much bigger selloff coming, says Peter Schiff

The Bitcoin party is over. While a recent "peace-inspired" rally lifted most risk assets, Bitcoin barely moved, signaling it will be hit hardest during the next market selloff. It has failed to act as a safe haven and instead functions as a high-beta risk asset that amplifies losses. With the stock market overpriced, Bitcoin is primed for a massive crash that will dwarf its recent 50% drop from $120,000. Is Bitcoin finally exposed as a fake hedge, or is this just a temporary dip?
This summary was generated by AI