Famous crypto skeptic Peter Schiff commented on the April 6–7 market crash and made another harsh prediction:
He believes the crypto sector is heading for a collapse, and Bitcoin will crash
He blames the drop on Trump’s decision to impose tariffs, calling it “the dumbest move ever.”
Spot BTC-ETF investors were hit especially hard — according to Schiff, April 7 was a very rough day for them
He also pointed out that the TRUMP meme coin “led the fall,” dropping below $8 (from a recent high of over $27)
Funny enough, Schiff said just a year ago that BTC could reach $1 million — now he’s back to predicting doom