Peter Schiff Doubles Down: ’Bitcoin Irrelevant in India-US Trade War’

Gold bug Peter Schiff fires another salvo at Bitcoin—claiming the crypto won't even be a spectator in the escalating India-US tariff battle.

While trade tensions spike, Schiff argues BTC's volatility and lack of 'real-world utility' make it useless as a hedge. Tell that to the 300% institutional adoption surge since 2023.

Meanwhile, Treasury secretaries keep printing money like it's a Monopoly game—but sure, Peter, the decentralized asset is the problem.

Bitcoin Price and Market Reaction

Bitcoin is currently trading around $115,000, holding steady after a small recovery earlier this week. Some market watchers say the price could MOVE towards $122,000, while others warn it might fall below $110,000 if pressure continues.

Schiff’s comments come as Bitcoin remains stuck in a narrow range, with its role in the global economy still up for debate. Even though many institutions have seen it as a SAFE option during global tensions, many say it remains too unstable.

Schiff’s comment has stirred fresh discussions between those who back gold and those who favor Bitcoin. As pressure builds in the global economy, statements like this are shaping where people place their trust. Some may stick with gold or cash, while others continue to look at crypto.

Also Read: Babylon Labs Launches Trustless Bitcoin Vaults for DeFi Access