Trump Calls Bitcoin a 'Ponzi' — Schiff Responds as BTC Climbs to $68K
Former President Trump’s remark that "Bitcoin is a Ponzi" reignited the political scrutiny around crypto, but the market response has been muted: Bitcoin has climbed from about $62,000 to $68,000, continuing a pattern of defying repeated predictions of imminent collapse. The price jump highlights a disconnect between headline political commentary and short-term market sentiment, with investors focusing on macro flows and on-chain activity rather than soundbites.
Peter Schiff, a persistent Bitcoin critic and gold advocate, weighed in by restating long-standing doubts about the asset’s fundamentals, arguing that higher prices don’t alter his view. The exchange of claims matters because political messaging can sway retail sentiment and regulatory discussions, yet current price action suggests resilience. Traders and holders will be watching whether policy moves or macro shifts finally change that dynamic.