{"id":77066,"date":"2026-08-20T19:23:47","date_gmt":"2026-08-20T19:23:47","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/schiff-dismisses-bitcoins-72k-surge-as-treasury-fueled-fakeout\/"},"modified":"2026-08-20T19:23:47","modified_gmt":"2026-08-20T19:23:47","slug":"schiff-dismisses-bitcoins-72k-surge-as-treasury-fueled-fakeout","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/schiff-dismisses-bitcoins-72k-surge-as-treasury-fueled-fakeout\/","title":{"rendered":"Schiff Dismisses Bitcoin\u2019s $72k Surge as Treasury-Fueled Fakeout"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Treasury doubled bond buybacks to $4B, triggering a bitcoin rally from under $65K to over $71K.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Peter Schiff dismissed bitcoin\u2019s surge as a \u201cfakeout,\u201d urging investors to sell crypto and buy gold instead.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Schiff warned buybacks won\u2019t stop rising yields, predicting the Fed will need to launch a new QE program.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Economist Peter Schiff Labels Bitcoin\u2019s Surge over $72K as a Fakeout<\/h2>\n<p>As bitcoin has once again become relevant in international capital markets, its critics have jumped to point out the problems behind this recent price breakout.<\/p>\n<p>Peter Schiff, a longtime gold bug and bitcoin critic, <a href=\"https:\/\/x.com\/PeterSchiff\/status\/2090412834605715858?s=20\" target=\"_blank\" rel=\"noopener noreferrer\">explained that this price movement<\/a> was nothing more than a \u201cfakeout,\u201d as investors rushed to position liquidity in assets after the debt buyback announcement left the markets disoriented.<\/p>\n<p><strong>\u201cBitcoin\u2019s rally above $72K is a fakeout, not a breakout. The Treasury buyback announcement caught markets by surprise,\u201d<\/strong> Schiff declared.<\/p>\n<p>The Treasury\u2019s move, <a href=\"https:\/\/news.bitcoin.com\/crypto-news\/treasury-doubles-long-end-buybacks-as-bitcoin-and-us-stocks-advance\/\">doubling the size of its buybacks to $4 billion<\/a> per operation to improve liquidity and indirectly lower yields, made bitcoin rally from sub-$65,000 to over $71,000 at the time of writing, breaking a period of relative price stagnation.<\/p>\n<p><strong>\u201cBitcoin investors have long believed a return to easy money would be the catalyst for gold and Bitcoin to soar. They are only half right. Sell Bitcoin, buy gold,\u201d<\/strong> Schiff assessed, promoting the precious metal over its digital counterpart.<\/p>\n<p>Nonetheless, he stressed that the Treasury buyback announcement had not yielded the desired results and that a larger action might be needed, hinting at a revival of an official quantitative easing strategy, taking the Federal Reserve to resume its open market purchases.<\/p>\n<p><strong>\u201cTreasury bond yields have already resumed their rise. Treasury is going to need a much bigger boat to stop this train. That means not only a much larger buyback than what has already been announced, but the Fed will have to join the party with an official QE program,\u201d<\/strong> Schiff assessed.<\/p>\n<p>While Schiff tied this to a surge in gold prices, it, consequently, might continue to ignite bitcoin prices as it has done before, as long as investors continue to value bitcoin as a relevant scarce asset <a href=\"https:\/\/www.bitcoin.com\/get-started\/bitcoin\/basics\/is-bitcoin-a-store-of-value\/\" target=\"_blank\" rel=\"noopener noreferrer\">and a true store of value<\/a> akin to what gold has represented for hundreds of years due to its relative scarcity.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/crypto-news\/schiff-dismisses-bitcoins-72k-surge-as-treasury-fueled-fakeout\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways Treasury doubled bond buybacks to $4B, triggering a bitcoin rally from under $65K to over $71K. Peter Schiff dismissed bitcoin\u2019s surge as a \u201cfakeout,\u201d urging investors to sell crypto and buy gold instead. Schiff warned buybacks won\u2019t stop rising yields, predicting the Fed will need to [&hellip;]<\/p>\n","protected":false},"author":15,"featured_media":77067,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77066"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/15"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=77066"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/77066\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/77067"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=77066"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=77066"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=77066"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}