Peter Schiff Labels Bitcoin Rally a “Speculative Pyramid Scheme” Amid Surging Corporate Treasury Buys
As Bitcoin surpassed the $122,000 mark in mid-July 2025, prominent economist and gold advocate Peter Schiff intensified his criticism of the flagship cryptocurrency, describing the recent rally as a speculative “pyramid” built on shaky foundations rather than genuine adoption. Schiff pointed to the surge being driven largely by corporate treasury ...
