Bitcoin’s “Death” Claims Resurface

a long-time Bitcoin critic, claims the 2025 financial crisis will end Bitcoin, calling it ironic since Bitcoin was born during the 2008 crisis.

Schiff argues Bitcoin lacks intrinsic value and is purely speculative.

2. 2025 Crisis Origins:

Unlike 2008’s banking collapse, the 2025 crisis is policy-driven, mainly due to aggressive global tariffs announced by President Trump.

Tariffs ranged from 11%–50%, excluding China, which faced even harsher terms.

This triggered global market volatility, wiping out $12 trillion from U.S. stock indices.

3. Market Response and Tariff Pause:

On April 9, a 90-day tariff suspension (excluding China) calmed markets slightly.

Bitcoin rebounded from ~$74,500 to ~$85,000 but remains under pressure.

4. China’s Retaliation and Ongoing Uncertainty:

China responded with steep retaliatory tariffs, escalating the trade war.

Over 70 countries are in talks with the U.S., but uncertainty persists.

5. Bitcoin’s Historical Crisis Response:

2020 COVID Crash: Fell over 50% but recovered quickly.

2022 Crypto Collapse: Terra and FTX crashes sent BTC below $16,000.

2023 Bank Failures: Triggered a sharp BTC rally as investors sought alternatives.

Bitcoin reacts differently depending on the crisis — behaving as a risk asset or a safe haven.

6. Current Market Dynamics:

Bloomberg analyst notes S&P 500 now mirrors Bitcoin’s volatility, highlighting market instability.

Bitcoin’s role evolves based on crisis type — not a traditional hedge, but an alternative as

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