Bitcoin's Final Crash? Peter Schiff Predicts 2025 Crisis Will End What 2008 Created

The cryptocurrency world is no stranger to doomsday predictions, but Peter Schiff's latest forecast has sent shockwaves through the digital currency community. The well-known economist and long-time Bitcoin skeptic has declared that the ongoing financial turmoil of 2025 could mark the end of Bitcoin, the very cryptocurrency that emerged from the ashes of the 2008 financial crisis. Schiff's dire prediction, made on April 10, 2025, comes at a time when the global economy is grappling with heightened financial instability and economic challenges.

Schiff's skepticism towards Bitcoin is not new. He has often referred to it as a "digital risk," especially during times of economic uncertainty. In his recent post on X, formerly Twitter, he stated, "Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it." This stark prediction is a stark contrast to Bitcoin's historical resilience. According to Bitcoindeaths.com, had an investor put just $100 into Bitcoin each time it was declared "dead" — which has happened 429 times to date — they would now be sitting on more than $83 million. The cryptocurrency has repeatedly defied its critics' obituaries, but Schiff's prediction is based on a different set of circumstances.

The economist's analysis is rooted in the current economic climate, which he believes is far more precarious than the conditions that gave birth to Bitcoin. Schiff has been vocal about his criticism of Donald Trump's tariff strategies, likening them to historical economic blunders. He compares Trump's tariff policies to the infamous Hindenburg disaster, suggesting they expose vulnerabilities in the U.S. economy. These policies could lead to a prolonged trade war, which could negatively impact global markets, including cryptocurrencies.

Schiff's critique also ties into his broader economic commentary, where he has compared Trump’s tariff policies to the infamous Hindenburg disaster, suggesting they expose vulnerabilities in the U.S. economy. Furthermore, Schiff has warned against taking investment advice from the Trump family, especially after Eric Trump’s endorsement of Ethereum, which saw a significant price drop. This highlights Schiff's skepticism towards cryptocurrencies and his belief that they are not reliable investments.

Despite Schiff's dire prediction, history tells a different story. Bitcoin's price reached an all-time high in 2024, exceeding over 73,000 USD in March 2024, and it has continued to show strong performance despite market volatility. The cryptocurrency has repeatedly defied its critics' obituaries, and its ability to recover from market crashes suggests that Schiff's prediction may not hold true. However, the economist's analysis suggests that a combination of financial instability, tariff policies, correlation with the Nasdaq, and the failure of Bitcoin's safe haven narrative could lead to its collapse.

In conclusion, Peter Schiff's prediction of Bitcoin's demise in 2025 is based on his belief that the ongoing financial turmoil of 2025 could mark the end of Bitcoin, which emerged from the 2008 financial crisis. Schiff's analysis suggests that a combination of financial instability, tariff policies, correlation with the Nasdaq, and the failure of Bitcoin's safe haven narrative could lead to its collapse. This could have significant impacts on other cryptocurrencies and traditional financial markets. However, Bitcoin's historical performance and its ability to recover from market crashes suggest that Schiff's prediction may not hold true. Only time will tell whether Schiff's dire prediction will come to pass or if Bitcoin will once again defy the odds and emerge stronger than ever.