Peter Schiff just poured gasoline on the Bitcoin debate again, insisting it will “eventually” go to zero—right as the market battles to hold the $110,000 level and early whales reportedly keep selling into strength. He’s also warning of a looming crisis in U.S. Treasuries, a potential macro shock that could whiplash risk assets. Whether you agree or not, the timing matters: Bitcoin is ~30% off its peak versus gold, liquidity is thinning into resistance, and sentiment is polarized. Here’s how to turn noise into a plan.

Schiff’s latest call: zero, pump-and-dump, and a bond crisis

In a conversation with @notthreadguy, Schiff doubled down: Bitcoin is a “gigantic pump-and-dump,” propped up by narrative salesmanship, and the next major crisis won’t be subprime—it’ll be in U.S. Treasuries. He argues global investors will sour on Treasuries and the dollar, favoring hard assets like gold. Meanwhile, 10x Research notes persistent selling by early “O.G.” holders as BTC struggles around $110,000.

Why this matters for traders

Bearish mega-calls often spike volatility and skew positioning. If Treasuries wobble and real yields fall, it can be a short-term tailwind for BTC; if stress triggers flight-to-safety, gold may outshine crypto. Add ongoing whale distribution near a key level, and the tape becomes binary: acceptance above $110,000 can fuel momentum; repeated rejections can trigger liquidations. Your edge is preparation, not prediction.

Key levels and signals to track now

• $110,000 spot: watch daily and weekly closes for acceptance/rejection.
• BTC/gold ratio: a persistent slide favors relative long-gold/short-BTC ideas.
• Whale flows: exchange inflows, spent output age bands, coin-days destroyed.
• Derivatives: funding rate, basis, options skew, and clustered liquidation levels.
• Liquidity: order book depth and slippage near round numbers.
• Macro: 10Y yields, DXY, and Treasury auction demand.
• Flows: net ETF inflows/outflows as a proxy for real-money demand.

Actionable game plan

• Trade the level: If BTC holds above $110,000 on strong volume and rising open interest, consider momentum continuation; repeated rejections with negative delta and rising exchange inflows favor mean-reversion shorts with tight risk.
• Manage risk first: Pre-define invalidation; size positions so a single stop-out is tolerable.
• Hedge: Protect spot with puts or collars ahead of key macro prints and Treasury auctions.
• Staggered execution: Ladder entries/exits; avoid all-in decisions around headlines.
• Relative value: If BTC/gold ratio keeps fading and macro stress builds, a market-neutral tilt (long gold, short BTC) can reduce beta.
• Avoid overleverage: Elevated narrative risk plus thin liquidity can accelerate wicks.

One example setup (education, not advice)

Look for a confirmed daily close above $110,000 with expanding volume and constructive funding (not excessively positive). Scale in tranches and trail stops below the most recent higher low. If price rejects $110,000 and exchange inflows spike, consider a defined-risk put spread rather than naked shorts to cap tail risk into macro events.

Bottom line

Schiff’s call won’t decide Bitcoin’s fate, but it can move positioning. Let the market tell you: track $110,000, watch whale flows and macro, and execute with disciplined risk controls. Opinions create volatility; your process turns it into opportunity.

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