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.

BitcoinPeter SchiffCNBCMarketBubble

Share on:

Leopold Aschenbrenner’s Situational Awareness LP disclosed $5.52 billion in equity exposure concentrated in power infrastructure, data centers and Bitcoin mining companies, an SEC filing shows. The rapid build-up in under a year signals rising institutional conviction in mining and related infrastructure.

DataCentersBitcoinHedgeFundsEnergyInfrastructureBitcoinMiningSEC

Published at 2026-03-04 10:30:46

Paraguay Turns 1,500 Seized Rigs Into State-Led Bitcoin Mining Program

Paraguay’s state utility ANDE will relaunch 1,500 confiscated Bitcoin mining rigs in partnership with Morphware, running them on surplus hydroelectric power under direct government supervision. The program aims to repurpose seized equipment and generate public revenue while testing a state-run mining model.

BitcoinMiningMorphwareParaguayHydroelectric

Published at 2026-03-04 09:00:16

U.S. Executes First 2026 Bitcoin Transfer From Government Wallet Amid Iran Crisis

On March 3, 2026, U.S. federal authorities moved a small amount of Bitcoin from a government-controlled wallet, the first blockchain-recorded Bitcoin transaction by the U.S. this year. The transfer was logged on-chain amid heightened tensions around Iran.

IranBitcoinUnited StatesSanctionsBlockchain

Published at 2026-03-04 07:30:13

Core Scientific to Sell Most of 2,500 BTC to Fund AI Data Centers

Core Scientific plans to sell most of its 2,500 BTC in Q1 2026 to boost liquidity and finance AI-focused data center buildouts. The move underscores a broader industry shift as public bitcoin miners pivot toward high-performance computing.

BitcoinCore ScientificAIData CentersMining

Published at 2026-03-04 06:45:13

AI Agents Prefer Bitcoin in Nearly Half of Responses, Stablecoins Lead for Payments

A Bitcoin Policy Institute study of 36 AI models published March 3, 2026 found Bitcoin was the top monetary choice in 48% of responses, while payment-specific prompts saw over half of models favor stablecoins.