Bitcoin faced a fresh downside warning Thursday after economist and longtime crypto critic Peter Schiff said the selloff spreading through technology stocks could eventually reach the broader U.S. market and hit Bitcoin even harder.
"The entire U.S. stock market is overpriced, not just tech. I also expect a much bigger selloff in Bitcoin," Schiff wrote on X as technology names came under pressure.
His warning arrived while the Dow Jones Industrial Average was up more than 400 points despite heavier losses across the technology sector. Schiff viewed that split as temporary, arguing that broader indices had not yet absorbed the same correction already moving through higher-valued tech companies.
More From Cryptoprowl:
Ramp Network Brings Multichain Wallet and Rewards to EU
#selloff #market
"The entire U.S. stock market is overpriced, not just tech. I also expect a much bigger selloff in Bitcoin," Schiff wrote on X as technology names came under pressure.
His warning arrived while the Dow Jones Industrial Average was up more than 400 points despite heavier losses across the technology sector. Schiff viewed that split as temporary, arguing that broader indices had not yet absorbed the same correction already moving through higher-valued tech companies.
More From Cryptoprowl:
Ramp Network Brings Multichain Wallet and Rewards to EU
#selloff #market
3 months ago
