Peter Schiff Says Bitcoin ‘Bubble Is Running Out Of Air’ — But Is BTC Simply Taking A Breather After 77% Annual Surge?

Economist Peter Schiff took note of Bitcoin’s (CRYPTO: BTC) underperformance compared to stocks and gold, warning that the cryptocurrency’s bubble is “running out of air.”

Schiff Says Hype Not Translating Into Gains

In an X post, Schiff used Bitcoin’s historic first climb to $100,000 in December 2024 as the reference point and highlighted the higher returns of gold, the Nasdaq Composite, and the VanEck Gold Miners ETF (NYSE:GDX) since then.

Schiff said that despite the hype around a Strategic Bitcoin Reserve and aggressive corporate buying, Bitcoin was up only 10%. In contrast, he pointed out that the NASDAQ has risen by 12%, gold has surged by 28.5% and the gold ETF has skyrocketed by 80% in the same period.

“This bubble is running out of air,” the Bitcoin critic said.

Full story available on Benzinga.com