Peter Schiff Warns Market Crash Will Start in Bond Market, Not Bitcoin
Economist Peter Schiff predicts the next financial downturn will originate in bonds, impacting stocks, housing, and crypto.
Economist and gold advocate Peter Schiff has warned that the next major market crash will begin in the bond market, not with Bitcoin. According to Schiff, rising bond yields and an inverted yield curve signal trouble ahead for stocks, housing, and even cryptocurrencies.
Schiff's Warning
In a recent statement, Schiff argued that the bond market is flashing warning signs, with long-term yields rising as the Federal Reserve maintains tight monetary policy. He believes a bond rout will trigger a cascade across asset classes, ultimately dragging down Bitcoin and other risk assets.
- Stocks face correction as higher yields reduce equity valuations.
- Housing market vulnerable due to elevated mortgage rates.
- Crypto assets likely to suffer as liquidity tightens.
Schiff, a long-time Bitcoin critic, has previously predicted the cryptocurrency's decline. His latest comments add to the debate over whether Bitcoin can serve as a hedge during broader financial turmoil, as it has often correlated with risk assets in recent sell-offs.