Peter Schiff predicts bond market collapse will trigger stock and crypto crash

Peter Schiff predicts that a collapse in the bond market will negatively affect the cryptocurrency market, including Bitcoin. He stated that rising yields on U.S. 10-year and 30-year Treasury bonds are expected to persist. Schiff argues that these higher yields will increase interest costs, exerting pressure on the stock market, which may lead to a downturn in the housing market and worsen inflation. While this scenario could benefit precious metals like gold and silver, he believes that a decline in the stock market will result in a significant drop in the crypto market. Additionally, he mentioned that MicroStrategy (MSTR) is selling BTC to fund its dividends.

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