Speculative crypto and MicroStrategy bubble collapsing
Schiff argued that the speculative bubble in crypto and MicroStrategy is in the process of collapsing in real-time.
The argument
He noted that Bitcoin and other risk assets are losing momentum. He characterized MicroStrategy's structure as a vulnerable house of cards that is beginning to fall as the broader market's complacency around inflation shifts.
The thesis, stress-tested
✓ What validates it
- ✓MicroStrategy stock price continues to decline below recent support levels
- ✓Bitcoin prices break down further
▸ Risks discussed
- ▸Speculative momentum could return to crypto assets
- ▸Short squeezes in highly shorted stocks like MicroStrategy
Hear it yourself
"Download the Kalshi app and use code Julia to get $10 when you trade $10. K a l s h I, Kalshi. Trade what's next. Peter Schiff, economist, market strategist, and host of the Peter Schiff podcast. It is so great to welcome you back on the show. Great to see you as always, Peter. Really appreciate you doing this, and we are loving having you on more often. Thanks, Julia. Yeah. My pleasure. You caught me you caught me at at home in Connecticut. So I love it. Well, Peter, we said we wanted to get you on on a more regular basis, and we're trying to make that happen every quarter as long as you will, entertain us by joining us."
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