Economist Peter Schiff observed on Tuesday that hopes for an Iran peace deal significantly boosted risk assets and stocks, yet Bitcoin (CRYPTO: BTC) showed minimal gains.
'The Bitcoin Party Is Over' Schiff said on X that the ongoing "peace-inspired mega-rally" barely moved Bitcoin, while the stock market surged.
He interpreted the relative stagnation as a warning sign, saying, "That doesn't bode well for Bitcoin's prospects during the next risk-asset selloff.
The Bitcoin party is over." In case you haven't noticed, this peace-inspired mega-rally hasn't lifted all boats.
Despite the huge rise in risk assets, including mining stocks, Bitcoin is barely up.
