As Schiff calls Bitcoin’s death, a Bloomberg analyst sees the S&P now mirroring its chaos

As Bitcoin falls and volatility spreads, Schiff sees the end. But with the S&P now mirroring BTC’s behavior, is Bitcoin really failing?Table of ContentsBitcoin “dies” againWhat’s happening in 2025?Bitcoin in past crisesBitcoin “dies” againPeter Schiff has long been one of Bitcoin’s (BTC) most vocal critics. Over the years, he has maintained that the asset lacks intrinsic value, that its price is driven purely by speculation, and that it would collapse in the face of a real economic crisis.Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.— Peter Schiff (@PeterSchiff) April 10, 2025On Apr. 11, he reiterated this view on X, writing, “Bitcoin was born out of the financial crisis of 2008. Ironically, the financial crisis of 2025 will kill it.” His statement links Bitcoin’s origin directly to its potential downfall.To evaluate that claim, it helps to revisit the conditions that led to Bitcoin’s creation. The 2008 financial crisis bro...