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Solana (SOL) $ 86.18
TRON (TRX) $ 0.321254
Lido Staked Ether (STETH) $ 2,265.05
Figure Heloc (FIGR_HELOC) $ 1.03
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Hyperliquid (HYPE) $ 44.98
LEO Token (LEO) $ 10.09
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Bitcoin Cash (BCH) $ 437.50
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Chainlink (LINK) $ 9.21
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 0.998762
Monero (XMR) $ 349.68
Wrapped Beacon ETH (WBETH) $ 2,466.93
Zcash (ZEC) $ 377.16
Canton (CC) $ 0.156080
Ethena USDe (USDE) $ 1.00
Wrapped eETH (WEETH) $ 2,465.31
Stellar (XLM) $ 0.156785
MemeCore (M) $ 2.76
sUSDS (SUSDS) $ 1.08
Dai (DAI) $ 0.999259
Litecoin (LTC) $ 54.73
USD1 (USD1) $ 0.999019
Coinbase Wrapped BTC (CBBTC) $ 76,366.00
Avalanche (AVAX) $ 9.42
PayPal USD (PYUSD) $ 0.999907
Rain (RAIN) $ 0.008051
WETH (WETH) $ 2,268.37
Hedera (HBAR) $ 0.086828
Sui (SUI) $ 0.951453
Toncoin (TON) $ 1.43
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Shiba Inu (SHIB) $ 0.000006
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Circle USYC (USYC) $ 1.12
Tether Gold (XAUT) $ 4,757.71
World Liberty Financial (WLFI) $ 0.080732
BlackRock USD Institutional Digital Liquidity Fund (BUIDL) $ 1.00
Ethena Staked USDe (SUSDE) $ 1.22
PAX Gold (PAXG) $ 4,767.44
Bittensor (TAO) $ 252.35
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Global Dollar (USDG) $ 0.999791
Uniswap (UNI) $ 3.20
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NEAR Protocol (NEAR) $ 1.42
OKB (OKB) $ 85.23
Falcon USD (USDF) $ 0.998180
Sky (SKY) $ 0.073939
Little Pepe (LILPEPE) $ 2.16
Pi Network (PI) $ 0.164964
Aster (ASTER) $ 0.687064
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Internet Computer (ICP) $ 2.49
Bitget Token (BGB) $ 1.91
Ethereum Classic (ETC) $ 8.50
Ondo US Dollar Yield (USDY) $ 1.12
BFUSD (BFUSD) $ 0.999499
Ondo (ONDO) $ 0.257077
KuCoin (KCS) $ 8.60
Gate (GT) $ 6.75
Jupiter Perpetuals Liquidity Provider Token (JLP) $ 4.00
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Quant (QNT) $ 75.76
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Jito Staked SOL (JITOSOL) $ 124.46
Render (RENDER) $ 1.89
Spiko EU T-Bills Money Market Fund (EUTBL) $ 1.24
Kelp DAO Restaked ETH (RSETH) $ 2,404.69
NEXO (NEXO) $ 0.898649
POL (ex-MATIC) (POL) $ 0.084212
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Rocket Pool ETH (RETH) $ 2,631.35
Kaspa (KAS) $ 0.032380
USDtb (USDTB) $ 0.999804
Binance Bridged USDC (BNB Smart Chain) (USDC) $ 0.999945
Ethena (ENA) $ 0.097343
Superstate Short Duration U.S. Government Securities Fund (USTB) (USTB) $ 11.05
Wrapped BNB (WBNB) $ 759.61
Blockchain Capital (BCAP) $ 82.76
Function FBTC (FBTC) $ 76,389.00
Aptos (APT) $ 0.869254
JUST (JST) $ 0.080061
Filecoin (FIL) $ 0.904212
Provenance Blockchain (HASH) $ 0.012251
Flare (FLR) $ 0.008008
syrupUSDT (SYRUPUSDT) $ 1.11
Arbitrum (ARB) $ 0.112516
OUSG (OUSG) $ 114.91
Official Trump (TRUMP) $ 2.84
Binance Staked SOL (BNSOL) $ 108.24
XDC Network (XDC) $ 0.031324
Beldex (BDX) $ 0.080237
Jupiter (JUP) $ 0.170115
VeChain (VET) $ 0.006980
Midnight (NIGHT) $ 0.035409
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NEW X CEO IS BACK (XFLOKI) $ 0.506041
Polygon Bridged USDC (Polygon PoS) (USDC.E) $ 0.999720
YLDS (YLDS) $ 0.999734
Solv Protocol BTC (SOLVBTC) $ 76,461.00
Stable (STABLE) $ 0.026381
Lombard Staked BTC (LBTC) $ 76,491.00
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USDai (USDAI) $ 0.999815
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Savings USDD (SUSDD) $ 1.03
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Marinade Staked SOL (MSOL) $ 133.18
crvUSD (CRVUSD) $ 0.999630
Arbitrum Bridged WETH (Arbitrum One) (WETH) $ 2,265.06

Peter Schiff Warns Bitcoin Investors: ‘Get Ready for the Trump Dump’

By admin On Oct 27, 2024

Economist Peter Schiff forecasts a “Trump dump” for bitcoin, questioning its weak momentum amid Donald Trump’s rising election odds.

Peter Schiff Sees ‘Trump Dump’ for Bitcoin

Economist and gold advocate Peter Schiff, known for his skeptical view on bitcoin and fervent support of gold, has shared insights on both assets amid recent market shifts. Posting on social media platform X on Oct. 22, Schiff noted that, despite rising odds of a Donald Trump victory in the 2024 U.S. election, bitcoin has not followed the upward momentum seen in other Trump-related assets, such as stocks and real estate.

“The Trump trade is on, yet bitcoin is the one Trump asset not rallying. It’s widely believed that a Trump win is bullish for bitcoin. So why isn’t bitcoin rising along with the betting odds on Trump?” Schiff wrote, adding:

Maybe all the speculators have already bought. Get ready for the Trump dump.

According to Schiff, speculators may have already bought up BTC, diminishing demand, and that a “Trump dump” could bring the price of the crypto down if Trump-related assets eventually decline.

The economist predicts a substantial upswing in gold, calling it the “mother of all gold bull markets.” On Oct. 20, he highlighted that gold reached a record high, attributing the rise to inflation pressures fueled by central banks. Schiff warned that fiat currencies are steadily losing value, potentially driving more investors to gold, which he considers a safer hedge, saying, “We are still early in what will likely be the mother of all gold bull markets.”

Gold’s gains align with Schiff’s view that inflation and central bank policies are diminishing fiat value, potentially making gold a strong investment, even as high as $4,000 per ounce. Conversely, he sees bitcoin’s current behavior as a sign that expectations of a Trump-related bitcoin rally may be misplaced, underscoring his belief in gold as the preferable store of value amid market volatility.

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