Crypto and Tech at Risk Amid Rising Rates: Peter Schiff

Schiff Warns Crypto and Tech Investors: Brace for Impact as Interest Rates Rise

Peter Schiff, a well-known Bitcoin critic and gold advocate, has issued another stark warning to the crypto community. In a May 21 post on X, Schiff accused crypto and tech investors of ignoring the dangers posed by rising interest rates—a factor he believes could severely impact their portfolios.

Even as Bitcoin recently hit a new high of $109,000, Schiff maintains his position that the cryptocurrency remains a "death trap" for investors. He questions how much higher long-term interest rates must climb before market participants acknowledge the risk, emphasizing that a reckoning may be imminent.

According to Schiff, the continued flow of capital into stocks and crypto—despite climbing interest rates—could result in substantial losses as these assets grow more susceptible to macroeconomic pressures.

The seasoned investor has repeatedly voiced concerns about how rising interest rates could destabilize the U.S. economy. He argues that higher long-term rates diminish the present value of future earnings, ultimately weighing on stock growth.

While cryptocurrencies often trade on sentiment, Schiff cautions that they are not shielded from broader economic shifts. His warning arrives as both stocks and major cryptocurrencies achieve record highs.

Despite Bitcoin's recent peak at $109,586 on May 21, Schiff remains unconvinced of its sustainability. He insists that investors should prepare for the fallout of rising interest rates on tech and crypto markets, predicting a pivotal moment ahead.