Close Menu
  • Coins
    • Bitcoin
    • Ethereum
    • Altcoins
    • NFT
  • Blockchain
  • DeFi
  • Metaverse
  • Regulation
  • Other
    • Exchanges
    • ICO
    • GameFi
    • Mining
    • Legal
  • MarketCap
What's Hot

Binance Announces It Will Compensate Users Who Suffered Losses in These Three Altcoins Yesterday

13/10/2025

Ethereum price reclaims $4,700 as bullish momentum holds

13/10/2025

Korean Man Claiming to Have the Highest IQ Reveals His Bitcoin Price Prediction

13/10/2025
Facebook X (Twitter) Instagram
  • Back to NBTC homepage
  • Privacy Policy
  • Contact
X (Twitter) Telegram Facebook LinkedIn RSS
NBTC News
  • Coins
    1. Bitcoin
    2. Ethereum
    3. Altcoins
    4. NFT
    5. View All

    Price Breaks All-Time High Record Again – Here’s What We Know

    04/08/2025

    Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

    04/08/2025

    Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

    04/08/2025

    High-Stakes Consolidation Could Define Q3 Trend

    04/08/2025

    Ethereum price reclaims $4,700 as bullish momentum holds

    13/10/2025

    Goldman Sachs Ethereum Investment Surges to $721 Million

    13/10/2025

    Ethereum Proponent Reveals How High XRP Could Go by Q4 2025

    13/10/2025

    Ethereum Price Eyes $6,650 as South Korean Retail Investors Pour $6B into ETH

    13/10/2025

    The Sui Ecosystem’s Top 3 Altcoin Performers

    29/07/2025

    Floki Launches $69000 Guerrilla Marketing Challenge With FlokiUltras3

    28/07/2025

    Crypto Beast denies role in Altcoin (ALT) crash rug pull, blames snipers

    28/07/2025

    $1.6 Billion XRP Surge: Here’s What’s Unfolding

    28/07/2025

    Crypto Community Mourns Passing of RTFKT Co-Founder Benoit Pagotto

    13/10/2025

    Pudgy Penguins waddle higher despite overall NFT sales slump

    12/10/2025

    Larva Labs Art Blocks Auction Surpasses $30,000

    11/10/2025

    Pudgy Penguins, Sharps Merge NFTs with Solana Finance

    10/10/2025

    Binance Announces It Will Compensate Users Who Suffered Losses in These Three Altcoins Yesterday

    13/10/2025

    Ethereum price reclaims $4,700 as bullish momentum holds

    13/10/2025

    Korean Man Claiming to Have the Highest IQ Reveals His Bitcoin Price Prediction

    13/10/2025

    Binance Faces Intense Backlash Over The Market Crash – And Some Claims Are Shocking

    13/10/2025
  • Blockchain

    The Next Phase of Web3 Growth

    13/10/2025

    CCP Games to Build EVE Frontier on Sui, Pushing MMOs On-Chain

    13/10/2025

    Midnight Redefines Blockchain Privacy With Zero-Knowledge and Rational Design

    13/10/2025

    Spur Protocol Partners with KaratDAO for ZK/MPC-Compiler Technology to Strengthen Privacy and Interoperability for DeFi

    13/10/2025

    European Blockchain Sandbox: Lessons Learned

    13/10/2025
  • DeFi

    1inch Unlocks RWAs, New Integrations and DeFi Expansion

    13/10/2025

    Bit Layer Brings Bitcoin Into DeFi: Interview with Charlie Hu

    13/10/2025

    Xyra Labs Rolls Out Split Routing to Offer CEX-Level Pricing for DeFi Swaps

    13/10/2025

    Charles Hoskinson Calls Senate Democrats’ DeFi Proposal a “Kill Switch”

    13/10/2025

    KyberSwap Taps Lithos to Fortify Liquidity Infrastructure

    13/10/2025
  • Metaverse

    Metaverse will revolutionize learning in the same way as Sesame Street

    10/10/2025

    Dogelon Mars Recent Metaverse Updates

    26/09/2025

    ArtGis Finance Partners with MetaXR to Expand its DeFi Offerings in the Metaverse

    17/09/2025

    KaratDAO and SecondLive Partners to Reshape Web3 Identity and Immersive Digital Worlds

    16/09/2025

    Metaverse ‘still has a heartbeat’ as NFT sales jump 27% in August

    12/09/2025
  • Regulation

    Korean Man Claiming to Have the Highest IQ Reveals His Bitcoin Price Prediction

    13/10/2025

    Softbank, Cathie Wood’s Ark Among Potential Investors in Tether Fundraising: Report

    13/10/2025

    Top-Level FED Member Bowman Makes Critical Statements on Interest Rates and the US Economy

    13/10/2025

    JPMorgan Reveals Its Forecast on the Fed’s Interest Rate Cuts and Discusses the US Economy

    13/10/2025

    Grayscale Ranks The Top 20 Tokens That Offered The Best Returns In Q3

    13/10/2025
  • Other
    1. Exchanges
    2. ICO
    3. GameFi
    4. Mining
    5. Legal
    6. View All

    Binance Announces It Will Compensate Users Who Suffered Losses in These Three Altcoins Yesterday

    13/10/2025

    Binance Faces Intense Backlash Over The Market Crash – And Some Claims Are Shocking

    13/10/2025

    Crypto.com CEO calls for probe into exchanges after $20B liquidations

    13/10/2025

    Russia’s Sberbank plans to expand crypto offerings after selling $16M in crypto derivatives

    13/10/2025

    ICO for bitcoin yield farming chain Corn screams we’re so back

    22/01/2025

    Why 2025 Will See the Comeback of the ICO

    26/12/2024

    ‘Eve Frontier’ Jumps Ship from Ethereum to Sui—Here’s Why

    13/10/2025

    TrustyFi Joins Forces with R Games to Transform the Future of GameFi Transparency

    11/10/2025

    Tezos Shooter ‘Reaper Actual’ From EverQuest Co-Creator Enters Alpha Playtesting

    08/10/2025

    Opera and Decrypt Team Up to ‘Bring the Next Billion Users’ to Web3

    07/10/2025

    Bitcoin Miners Watch Earnings Crater 27%

    13/10/2025

    Russian bank registers demand for Bitcoin-backed loans

    12/10/2025

    Bitcoin’s Mining Cycle Enters Reset Phase After Record Difficulty Surge

    10/10/2025

    Bitcoin Miners Rally in Pre-Market as Sector Nears $90B Market Cap

    10/10/2025

    U.S. Senators Get 250K Letters Calling for Protection of Stablecoin Yields

    13/10/2025

    Buenos Aires Set to Hit Crypto Natives With New Tax Measures

    13/10/2025

    US Senate confirms Treasury official as government shutdown continues

    13/10/2025

    Market structure bill still on track, despite shutdown

    13/10/2025

    Binance Announces It Will Compensate Users Who Suffered Losses in These Three Altcoins Yesterday

    13/10/2025

    Ethereum price reclaims $4,700 as bullish momentum holds

    13/10/2025

    Korean Man Claiming to Have the Highest IQ Reveals His Bitcoin Price Prediction

    13/10/2025

    Binance Faces Intense Backlash Over The Market Crash – And Some Claims Are Shocking

    13/10/2025
  • MarketCap
NBTC News
Home»Bitcoin»Peter Schiff Labels Bitcoin Rally “Another Classic Pump and Dump”
Bitcoin

Peter Schiff Labels Bitcoin Rally “Another Classic Pump and Dump”

NBTCBy NBTC03/03/2024No Comments2 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email


Considering the recent Bitcoin rally, American stockbroker and financial commentator Peter Schiff thinks that this may just be “another classic pump-and-dump” cycle.

Bitcoin Rally Drawing New Speculations

Earlier on Monday, the price of Bitcoin blew past the $50,000 threshold, marking the highest level the coin has reached in the last three years.

The surge triggered a frenzy in the market as investors began to camp around the coin. Much of the rise was attributed to the massive inflows into the spot Bitcoin ETF market over the past week summing up to $1.1 billion.

While every other person seems excited by the Bitcoin rally, Schiff regards the move as one of those sentiments that are rather momentary. Specifically, he called it “another classic pump and dump,” suggesting that the price surge is a manipulation scam waiting to happen.

Peter Schiff opines that it is just a tactic to attract more buyers and then sell the overpriced asset at a profit, triggering a price crash.

Pessimistic Views on Bitcoin From Experts

With this stance, Schiff sounds like the popular CNBC Mad Money host Jim Cramer. The TV personality has constantly talked down on the flagship cryptocurrency, advising investors to sell their holdings. Last month when Bitcoin price began to move towards $40,000, Jim Cramer sounded a subtle warning to investors noting that it was the perfect time for investors to “roll out” their holdings.

Cramer once stated that should the price of Bitcoin recover, the coin would not be able to hold up the resurgence due to a lack of inflows. He made this statement when the Bitcoin rally cooled off with the price dropping by more than 20% in January.

Beyond all these predictions, Bitcoin proving some of these market experts wrong. The coin keeps displaying a positive sentiment, suggesting a coming bull run. At the time of this writing, BTC was trading at $49,898.38 with a 3.40% increase in the last 24 hours.

The leading cryptocurrency may move further to $60,000 or even reach higher levels as predicted by CryptoQuant CEO Ki Young Ju. Noteworthy, the top crypto analyst declared that Bitcoin could soar as high as $112,000 on a very bullish basis this year.

Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
NBTC

Related Posts

Price Breaks All-Time High Record Again – Here’s What We Know

04/08/2025

Bitcoin Switzerland? El Salvador to Host First Fully Native Bitcoin Capital Markets

04/08/2025

Bitcoin Breaks $119K, but XLM and HBAR Aren’t Impressed by Its Meager Percentage Gain

04/08/2025

High-Stakes Consolidation Could Define Q3 Trend

04/08/2025
Add A Comment

Comments are closed.

Top Posts
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Your source for the serious news. This website is crafted specifically to for crazy and hot cryptonews. Visit our main page for more tons of news.

We're social. Connect with us:

Facebook X (Twitter) LinkedIn RSS
Top Insights

Binance Announces It Will Compensate Users Who Suffered Losses in These Three Altcoins Yesterday

13/10/2025

Ethereum price reclaims $4,700 as bullish momentum holds

13/10/2025

Korean Man Claiming to Have the Highest IQ Reveals His Bitcoin Price Prediction

13/10/2025
Get Informed

Subscribe to Updates

Get the latest news from NBTC regarding crypto, blockchains and web3 related topics.

Type above and press Enter to search. Press Esc to cancel.