✉news BusinessCrypto first seen 19 h ago, last 6 h ago, peak #1
Peter Schiff Warns Bitcoin Vulnerable to Tech Stock Pullback
Economist and longtime bitcoin critic Peter Schiff is warning that bitcoin could fall sharply if US technology stocks correct, arguing the cryptocurrency trades like a high-risk tech asset rather than a safe haven. His comments land as markets watch the tight correlation between crypto and megacap tech shares, with investors divided on whether bitcoin can decouple if equities slide.
Why now: Concerns that a tech stock pullback could drag bitcoin down with it are circulating among investors.
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Evidence
- Peter Schiff Warns Bitcoin Vulnerable to Tech Stock Pullback · Yahoo Finance
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