The Bitcoin Bubble Popped: The Crypto Winter Of 2022

The bitcoin (/BTC) bubble popped, there will be selling no matter what happens to financial assets, says Peter Schiff. He examines the “crypto winter” of 2022, as well as the case for investing in gold (/GC). He talks about the reasons for the collapse of bitcoin and crypto-assets. He notes that he doesn’t think there are many left willing to buy bitcoin who don’t already own it. He says that it’s ironic that big players in crypto are looking to the government to save the industry with regulation. He then goes over inflation levels in 2023. He says that the Fed’s ongoing balance sheet drawdown has exacerbated low liquidity and high volatility. Tune in to find out more about the stock market today.