Bitcoin skeptic Peter Schiff connected President Trump’s State of the Union address to recent Bitcoin price action, warning of potential short-term moves. He argued that if Bitcoin is not mentioned at all, optimistic expectations could trigger sell-off and take profits. He also claimed that even if Bitcoin is mentioned, prices could still fall due to insiders who had already bought ahead of time selling the news.
Schiff, well known for doubting Bitcoin’s prospects, posted on X that Bitcoin had recently surged, attributing part of the move to political expectations. He speculated that Trump allies supporting cryptocurrency could have inserted Bitcoin references in the speech. He warned that a lack of mention might prompt selling pressure as traders take profits.
While Schiff’s views reflect a contrarian take on crypto price drivers, the actual impact of a State of the Union speech on Bitcoin remains uncertain. Markets are sensitive to political signals, and Schiff himself acknowledges that outcomes could vary depending on how the speech is framed and how investors interpret it.














Leave a Reply