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Peter Schiff, CEO and Chief Global Strategist of Euro Pacific Capital, said it is remarkable that Bitcoin is still trading at a high level despite significant declines in technology stocks, particularly those related to artificial intelligence.
Schiff cautioned that Bitcoin holders should not become complacent and described the current environment as the calm before an impending storm, advising them to sell before a possible downturn.
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Schiff has previously voiced skepticism about major financial institutions. He commented after U.S. regulators fined Bank of America $1.2 billion for anti-money-laundering violations. Earlier, he argued that Fannie and Freddie IPO prospects were never viable following an 80% drop in the GSEs’ shares from their September 2025 highs.