- The worst kind of decoupling
- More volatility?
Peter Schiff, a well-known economist, has told Bitcoin holders (“HODLers”) that they are being given a rare chance to exit their positions at a slightly better price before the asset crashes further
He believes the “gift” is the liquidity allowing them to get out.
Earlier today, the leading cryptocurrency rallied to an intraday high of $89,194, but it is still down 29.3% from its record high
The worst kind of decoupling
In another social media post, Schiff contends that the market has finally realized that precious metals are the true hedge against inflation and economic instability, while Bitcoin is failing to perform that role.
Bitcoin is often marketed as “uncorrelated” or “digital gold”. However, Schiff argues that Bitcoin has decoupled in the worst way possible. Schiff claims that people who bought BTC over the past four years would have been much better off owning silver instead.
More volatility?
As reported by U.Today, Bitcoin is set to experience its largest-ever options expiry, with approximately $28 billion in contracts being due for settlement
The expiry day itself is expected to be price-stagnant since market makers suppress volatility to maximize profits around the “max pain” price. However, once this suppressive weight is lifted, the market could see a sharp return of volatility. Based on historical trends, a potential explosive rally in January is possible if there is no significant negative news.
Disclaimer: The information on this page may come from third parties and does not represent the views or opinions of Gate. The content displayed on this page is for reference only and does not constitute any financial, investment, or legal advice. Gate does not guarantee the accuracy or completeness of the information and shall not be liable for any losses arising from the use of this information. Virtual asset investments carry high risks and are subject to significant price volatility. You may lose all of your invested principal. Please fully understand the relevant risks and make prudent decisions based on your own financial situation and risk tolerance. For details, please refer to
Disclaimer.
Related Articles
BTC breaks through 73000 USDT, with a 24-hour increase of 0.48%
Gate News message: On April 11, according to a certain CEX price feed, BTC broke through 73,000 USDT, and is currently quoted at 73,024.4 USDT, up 0.48% over the past 24 hours.
GateNews1h ago
Bitcoin Price Update: BTC Jumps to $72,400 After March Inflation Comes in Softer Than Expected
Bitcoin moved from $72,000 to $72,400 on April 10 after March core CPI printed below expectations, giving crypto bulls a short-lived reprieve from months of sustained macro pressure.
Summary
March core CPI rose just 0.2%, below the 0.3% consensus forecast, while headline CPI climbed 0.9% on
Cryptonews2h ago
BlackRock withdrew 2,700 BTC and 30k ETH from a certain CEX
Gate News message: On April 11, according to monitoring by Onchain Lens, BlackRock withdrew 2,700 BTC (worth $196.87 million) and 30,000 ETH (worth $67.42 million) from a certain CEX.
GateNews2h ago
This 'Space Invaders' Clone Game Pays Real Bitcoin—If You're Skilled, Lucky or Rich
In brief
A new game based on the arcade classic Space Invaders will let one person earn a real Bitcoin reward.
To claim the reward ,they must destroy 10,000 BTC worth of transactions that mirror actual activity on the blockchain.
The winner will earn a 10,000 sats bounty, valued
Decrypt3h ago
DWF Labs co-founder: The current market is boring but it hasn’t gone away—there are still plenty of opportunities for builders and investors
DWF Labs co-founder Andrei Grachev said the market is currently in a “very boring” phase, with genuinely valuable activity taking place quietly. He advised investors to stay patient, wait for better timing, and noted that retail investors should respond rationally to market volatility—continue learning and staying engaged.
GateNews4h ago
