Bitcoin's Bounce: Is It Just a Short-Term Fix?

Peter Schiff, a well-known economist who has never been a fan of Bitcoin, thinks the recent rise in Bitcoin's value might not last. He calls it a "dead cat bounce, " which means it's just a short-term recovery after a big drop. Schiff believes that safer investments like gold and silver are better choices right now. Bitcoin had a rough Friday, dropping to $115, 000 after hitting record highs earlier in the month. But on Monday, it started to climb back up. Schiff isn't convinced this is a real recovery, though. He points out that Bitcoin is still down about 25% from its peak in August if you compare it to gold. Plus, there's less activity on the Bitcoin network, which could mean people are losing interest. Meanwhile, gold has been doing really well, reaching new highs near $4, 080. Silver isn't far behind, trading around $51. 60. Schiff thinks these are smarter investments because they're more stable than Bitcoin. So, what caused Bitcoin's drop? Schiff blames President Trump's announcement about new tariffs on China. But Vice President JD Vance says it was just a way to negotiate better deals. Trump later said he wants to keep good relations with China, which helped calm the markets. There's a rumor that some of Trump's allies might have shorted Bitcoin before the announcement, then changed their positions after the market reacted. Schiff jokes that "it's good to be friends with the king, " meaning those close to Trump might have an advantage. But is Bitcoin really in trouble? Or is this just a temporary setback? Only time will tell. For now, Schiff is sticking with gold and silver, while others are still betting on Bitcoin's long-term potential.