Peter Schiff Warns ‘The Race To Get Out Of Bitcoin Is On’ As BTC Drops 4%

Bitcoin (CRYPTO: BTC) has slipped below the $89,000 mark, fueling widespread concern and raising the question: has the bull run ended, or is the market simply transitioning into a new phase?

What Happened: Longtime Bitcoin critic Peter Schiff resurfaced with fresh warnings, arguing that Bitcoin’s reputation as the best-performing asset “no longer holds true” in 2025. On year-to-date basis, BTC is down around 5%, NASDAQ is up 17% and gold has surged 53%.

Schiff also pointed to Strategy (NASDAQ:MSTR), often viewed as a Bitcoin proxy, noting it’s down 35% in 2025 and trading 65% below …

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