Peter Schiff Brands Bitcoin Dip a 'Modern-Day Tulip Bubble,' Slams CNBC

Published at 2025-11-17 21:00:54

As Bitcoin's price continued to slide, longtime critic Peter Schiff doubled down on his bearish narrative on Nov. 17, 2025, calling the downturn a "modern-day tulip bubble." He also targeted CNBC, accusing the network of consistently portraying Bitcoin in an overly positive light and downplaying risks. Schiff’s latest comments were aimed at reframing the coverage around the recent volatility.

The exchange matters because mainstream media framing can shape retail sentiment, especially during sharp moves. Schiff's vocal stance underscores the persistent divide between skeptics who see speculative froth and supporters who point to longer-term adoption narratives. With BTC still volatile, these public clashes between commentators and outlets may keep influencing short-term flows and investor confidence.

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