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>>Bitcoin Faces Growing Sell‑Off: Peter Schiff Issues Stark Warning After Trump’s Crucial Speech

Bitcoin Faces Growing Sell‑Off: Peter Schiff Issues Stark Warning After Trump’s Crucial Speech

crypthub

about 7 hours ago

Political Catalyst

Peter Schiff warns Bitcoin could face sell pressure after Trump’s State of the Union. He says the speech may trigger profit‑taking whether Bitcoin is mentioned or not. Analysts note similar spikes around major political events.

Schiff’s Skepticism

Gold advocate Schiff says Bitcoin lacks intrinsic value and government backing. He prefers physical scarcity over digital scarcity. His view reflects the broader clash between traditional and crypto assets.

Trump’s Crypto Stance

Trump shifted from calling Bitcoin “air” to accepting crypto donations and backing a friendly regulatory stance. The State of the Union will be scanned for hints on regulation, CBDCs and taxes. Even no mention carries market weight.

Market Impact

Short‑term moves may follow the address, but longer trends depend on macro data, ETF inflows and global rules. Past events show crypto reacts sharply yet often recovers. Investors should watch policy cues while keeping broader fundamentals in view.