Peter Schiff’s warning on Bitcoin couldn’t be clearer: it’s not the safe haven many think it is.

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As market turmoil sends investors scrambling for stability, some are turning to dollars, Treasuries, gold, or even the Japanese yen. Meanwhile, Bitcoin’s selling spree continues, reinforcing Schiff’s view that it’s more “digital risk” than “digital gold.” The dollar’s rise, due to Trump’s tariffs, creates more uncertainty, with rising import costs putting immense pressure on the U.S. economy. It’s a ticking time bomb, and Bitcoin, as a speculative asset, feels the brunt of it.

Jim Bianco’s analysis further drives home the point—Bitcoin is a 2x or 3x version of the Nasdaq, highly speculative and vulnerable. It was the only asset that hinted at the market’s downfall over the weekend, predicting a sharp decline in stocks.

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