- $TRUMP meme coin has plummeted 85% from its peak of $75.35 in January 2025.
- Peter Schiff warns that more Americans will lose money in crypto than ever before.
- Schiff predicts Bitcoin could crash to $20,000 if the Nasdaq enters a bear market.
The collapse of the $TRUMP meme coin underscores the extreme volatility of speculative digital assets. Once riding high on hype, the token has now plunged over 80%, erasing massive gains for investors who entered at its peak.
Beyond meme coins, Schiff also warns that Bitcoin itself is vulnerable to macroeconomic trends. He argues that Bitcoin’s price is closely tied to tech stocks, and a potential bear market in the Nasdaq could trigger a significant downturn, bringing Bitcoin back to levels last seen in early 2023.
Peter Schiff Sounds the Alarm as $TRUMP Meme Coin Nosedives
The downfall of the $TRUMP meme coin is another reminder of the risks associated with speculative crypto investments. While the coin initially gained traction due to political sentiment, its drastic decline shows how hype-driven assets can quickly lose value, leaving investors with heavy losses.
Peter Schiff, known for his strong opposition to cryptocurrencies, believes this is just the beginning. He argues that many investors are blindly following trends without understanding the fundamentals, leading to major financial setbacks.
His concerns extend beyond meme coins, as he also warns that Bitcoin’s fate is tied to traditional markets. If the Nasdaq experiences a significant downturn, Bitcoin could suffer a parallel collapse, potentially dropping to $20,000 or lower.
This scenario reflects a broader issue in the crypto market—reliance on speculation rather than intrinsic value. While digital assets have seen massive rallies, downturns like this serve as harsh reality checks for investors chasing quick profits.
The $TRUMP meme coin’s crash is a stark warning for speculative investors, emphasizing the importance of caution in the volatile crypto space. Schiff’s warnings about Bitcoin’s correlation with tech stocks further highlight the risks in the broader digital asset market.
“The four most dangerous words in investing are: ‘This time it’s different.’” — Sir John Templeton
