5 Reasons Peter Schiff Called Bitcoin’s (BTC) Rally a Hoax Ahead of Trump’s SOTU

Jakarta, Pintu News – You may see the recent surge in Bitcoin (BTC) price as a positive signal, but vocal critic Peter Schiff has a stern warning. Schiff doubts the sustainability of this rally that happened right before President Donald Trump’s State of the Union (SOTU) speech. According to him, these movements in the crypto market are driven more by short-term speculation than strong fundamentals, so you need to be cautious in making investment decisions at this time.

“Sell the News” Speculation in the Cryptocurrency Market

Peter Schiff argues that Bitcoin’s (BTC) price increase of $2,000 or around Rp33,518,000 (exchange rate of Rp16,759) is just a speculator’s strategy ahead of the State of the Union address. You should be familiar with the term “sell the news”, where asset prices often plummet right after anticipated news or events actually happen. Schiff warned that if Trump doesn’t mention cryptocurrencies in his speech, market disappointment could trigger a massive sell-off that hurts retail investors.

Even if Trump makes a positive reference to digital assets, Schiff still believes that the price decline will still occur becauseinsiders will soon cash out profits. The price of Bitcoin (BTC), which had touched the level of $66,000 or the equivalent of Rp1,106,094,000 per coin, is at risk of falling back to a lower level. You are advised not to get caught up in the momentary euphoria that could lead to significant losses if the market suddenly reverses drastically.

Also Read: 5 Reasons BTC Bullish Signals Are Appearing Again: Coinbase Premium Positive, BTC Breaks Rp1.5 Billion?

Comparison of Bitcoin (BTC) and Gold as Safe Haven

A staunch supporter of gold, Peter Schiff continues to encourage investors to choose the precious metal over crypto assets that he refers to as fake “digital gold”. He argues that gold has a much more stable intrinsic value proven over thousands of years than the volatility of Bitcoin (BTC) or Ethereum (ETH). You need to consider that in a volatile global economy, physical gold is often considered a safer and more scalable hedge.

Schiff stated that cryptocurrency advocates are trying to convince gold buyers to switch to highly risky digital assets. In fact, according to his observation, the world price of gold tends to be more consistent in the forex market than coins such as Ripple (XRP) or Pepe Coin (PEPE). By understanding these fundamental differences, you can be wiser in determining the portion of asset allocation between traditional instruments and blockchain technology for the security of your financial future.

Predicted Impact of SOTU Speech on Global Economy

Trump’s SOTU speech, which focused on the economic agenda and affordability, did not explicitly discuss the crypto sector in depth. As a result, investors’ initial optimism began to fade, and the price of Bitcoin (BTC) was observed to move again around the $64,000 level or around Rp1,072,576,000. You should always monitor how US political policies affect global liquidity, which has a direct impact on your digital investment portfolio.

This uncertainty is reinforced by warnings from other financial experts who see similarities between the current market situation and the 2008 financial crisis. It is recommended that you do your own research and not just rely on rumors circulating on social media regarding the future of cryptocurrencies. Always use a neutral perspective in analyzing news so that you are not easily swayed by extreme opinions, either overly optimistic or overly pessimistic like Schiff’s views.

Also Read: 5 Reasons for BlackRock to Raise Bitcoin & Ethereum IDR 2.52 Trillion, Bullish Signal End of February 2026!

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Trading crypto carries high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin (BTC) and other crypto asset investments are the responsibility of the reader.

Reference:

• Coingapestaff/CoinGape. Peter Schiff Casts Doubt on Bitcoin Rally Ahead of Trump’s SOTU Speech. Accessed February 26, 2026.