Peter Schiff has renewed his critique of Bitcoin as Tom Lee of Fundstrat pushes a headline-grabbing $200,000 price target for the cryptocurrency.

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According to reports, Lee says the market’s recent weakness is tied to the Federal Reserve’s reluctance to cut interest rates, while Schiff points to gold’s recent rally as a warning sign for Bitcoin.

Schiff Points To Gold’s Rally

In an X post, the gold bug Schiff highlighted that the yellow metal rose 10% over the last two months and reached a new high of $3,620.

“Markets are forward-looking. That’s why gold is up 10% in advance of coming rate cuts,” he said, arguing that gold’s move shows traders expect easier policy ahead.

Bitcoin, he added, has not followed gold’s lead, and that gap worries him.

Permabull @fundstrat forecast Bitcoin will hit $200K by year-end, as Bitcoin is sensitive to Fed rate cuts. He said the Fed’s two-month pause is why Bitcoin hasn’t rallied over that time period. But gold rallied 10% during those two months, hitting a record $3,620 as he spoke.

— Peter Schiff (@PeterSchiff) September 8, 2025

Lee’s $200,000 Call And His Explanation

Tom Lee remains optimistic. He has argued that the influx of institutional investors gives Bitcoin new “counter-cyclical characteristics,” and that bigger players could push prices much higher over time.

Based on reports, Lee blames the recent underperformance on the Fed and keeps the $200,000 figure in public view. His stance continues to make him one of Wall Street’s best-known permabulls – persons who maintain a perpetually optimistic outlook.

Market Odds And Traders’ View

Polymarket users appear unconvinced by Lee’s timetable. At press time, markets show an 8% chance of Bitcoin reaching $200k this year.

The same markets place roughly an 8% chance on Bitcoin dropping below $70,000 by the end of 2025. Those odds suggest bettors are split and that headline targets are being treated with skepticism.

Source: Polymarket

A Broader Performance Check

Schiff has also pointed to longer-term measurements. He noted that Bitcoin is down 16% against gold over the past four years, even though the cryptocurrency has posted strong gains versus the US dollar in that span.

He warned that when “more air” comes out of the Bitcoin bubble, the four-year returns may look weak. The idea that the old four-year cycle tied to halvings may be fading was raised by other analysts in recent commentary, and that debate is ongoing.

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What Comes Next For Bitcoin

Schiff went further by saying Bitcoin is more likely to sink below $100k than to reach $200k, putting a cautious spin on the outlook.

This view makes clear where Schiff stands: he treats gold’s rally as a forward signal about future policy and believes Bitcoin’s lag is not a short-term quirk but a structural concern.

Lee’s counter is that institutional flows could change how Bitcoin moves over time.

Featured image from Meta, chart from TradingView

Now, let’s look at the bigger picture for a sec.

Sure, Bitcoin’s been stalling lately, but:

It’s still smashing past all-time highs;

We have so much more institutional adoption;

We’re getting regulatory clarity;

BlackRock CEO Larry Fink says Bitcoin could hit $700K;

Bridgewater Associates CEO Ray Dalio recommends a 15% allocation, and some major advisors are going as high as 40%.

And yet… compared to 2021, this run feels way more low-key. Many people in finance still call Bitcoin a scam, complain about energy use, or say it’s useless.

Basically, the disconnect between what’s actually happening and how people are reacting is real.

Which is exactly what investing journalist Natalie Brunell and Luke Broyles from The Bitcoin Adviser talked about on a recent podcast.

Luke admitted he expected retail mania to start at $70K. Well, look at us now – Bitcoin’s almost twice that, but the reaction’s still giving crickets + tumbleweed.

And he thinks that even if Bitcoin hits $5M, many people will still argue it can’t go higher.

Because mass adoption isn’t an overnight switch – it’s a long grind.

But where could the real growth come from? Luke’s answer: debt.

The fiat system runs on borrowing – governments, companies, and regular people all use loans to keep the economy moving. And he thinks the real shift will happen when Bitcoin gets tied into those loan systems.

That means things like:

using Bitcoin in mortgages,

borrowing against home equity to get Bitcoin,

or companies taking out loans with Bitcoin as part of their balance sheet strategy.

Basically, Bitcoin wouldn’t just be something you buy – it would become something the credit system itself relies on.

Luke sees this as the real Trojan horse: Bitcoin gradually becoming collateral in global lending, much like Michael Saylor has already started doing at the corporate level.

And Luke takes it a step further: he thinks Bitcoin could actually do a better job than the assets debt usually goes into.

When new borrowing flows into housing, energy, or stocks, it makes prices climb and everyday people end up paying more. But if that borrowing is directed into Bitcoin instead, it creates demand without raising living costs.

Natalie summed it up by calling Bitcoin a kind of inflation shock absorber – something governments and businesses could use to manage debt pressures.

If that vision plays out, the next phase of Bitcoin’s rise may be less about hype cycles and more about becoming the backbone of global finance.

I wrote the following function to build and sign a Taproot (P2TR) transaction using @cmdcode/tapscript: My intention is to support spending on both key and script paths.

The problem is that it doesn’t work as expected.

Script-Path spending often fails validation (e.g. block error, invalid witness, or failed script execution).

Can someone review my code and point out what’s wrong with my logic or implementation? I especially appreciate the advice on how to fix performance improvements in script path failures and key path cases.

import { Address, Signer, Tap, Tx } from '@cmdcode/tapscript';

protected buildTaprootTx(
  senderKey: { publicKey: Uint8Array; privateKey: Uint8Array },
  utxos: Array<{ txid: string; vout: number; value: number }>,
  recipient: string,
  amountSat: number,
  feeSat: number,
  mode: 'key' | 'script' | 'both',
  scriptLeaves: Array = (),
  opReturnData?: Uint8Array | string,
  changeAddr?: string
): string {
  // ... (full code as in my gist, see link below)
}

Complete code

question:

• What am I doing wrong, especially when it comes to script path spending?

• Is there a better way to configure or optimize features for performance and accuracy?

• If you find any obvious bugs or misconceptions in how you use TapRoot key/Script Path Logic, please point them out.

Code reviews, suggestions, or references to practical examples are highly appreciated. thank you!

In typical thug fashion, Donald Trump hammered Gavin Newsom for not thanking him after all that he’s done for Los Angeles —nobody else, after all, could have injected such chaos and violence into a city so spectacularly as the president.

“Incompetent Gavin Newscum should have been THANKING me for the job we did in Los Angeles, rather than making sad excuses for the poor job he has done,” Trump complained on Truth Social yesterday afternoon. “If it weren’t for me getting the National Guard into Los Angeles, it would be burning to the ground right now!”

Meanwhile, all 500 square miles in sunny Los Angeles has been business as usual throughout Trump’s military invasion, except for the few blocks downtown where ICE and the National Guard are concentrated. But like the schoolyard bully who demands that you thank him for punching you in the face and stealing your lunch money, Trump keeps demanding thanks from his targets. Volodymyr Zelenskyy wasn’t his first victim of forced gratitude, and Newsom won’t be his last.

From The Independent:

President Donald Trump said California Governor Gavin Newsom should be “thanking” him for calling in the National Guard in Los Angeles after an appeals court ruling delayed the military being used to help stop anti-ICE protests.

A U.S. District Judge ruled Trump’s deployment of National Guard troops in LA was “illegal” and violated the Tenth Amendment, and that troops had to leave. But a late-night decision by the U.S. Circuit Court of Appeals dealt a blow to Newsom and delayed the implementation of the lower court order.

For now, Trump will maintain control of the National Guard in LA after the court rulings.

Previously: 5 clever tactics for defusing bullies during negotiations

A week of leaks and APK teardowns has potentially spoiled Samsung’s would-be surprises for the Galaxy Watch 8. Where One UI 6 Watch felt relatively minor, One UI 8 Watch already feels like it’s packing two years’ worth of changes into one, and it has me really excited about what’s to come for Samsung’s Galaxy smartwatches.

While we can probably look forward to some alleged design changes for the Galaxy Watch 8 series, Samsung may be focusing as much effort on software to help give its watches an edge this year. And after a relatively safe One UI 6 Watch update, this feels like the push it needs to shake things up..

Here’s a relatively brief rundown of everything that has been rumored or leaked thus far regarding One UI 8 Watch:

What we know so far about One UI 8 Watch

First, SamMobile reported that we’d skip from One UI 6 Watch, which focused on AI and health tools but made very few system-level changes, to One UI 8 Watch to align it with Galaxy phones’ One UI 8.

Then we started seeing the real meat of the update. We knew Gemini was coming to Wear OS, but a leaked One UI 8 Watch build showed the option to add Gemini actions linked to other apps like Gmail, Calendar, and Weather — beyond Assistant’s current capabilities.

After that, Android Authority dove into this build’s AFK and found evidence of the Now Bar and Now Brief coming to Wear OS. It would default as a blank placeholder icon on your watch face until you use a “double-pinch” gesture to expand it.

According to the code, the Now Bar on Wear OS can specifically show contextual suggestions, directions, media controls, the Now Brief, sports scores, and health updates. Just like the Now Bar on Galaxy phones, you’ll be able to personalize it.

The Now Brief mention makes me wonder if we’ll get a Wear OS-specific version of the current daily report on Galaxy phones when we wake up, similar to the Morning Report on Garmin watches or Morning Brief on Pixel smartwatches.

Beyond that, the APK teardown showed a new Shortcuts function that lets you see two or four app icons directly on the One UI 8 Watch home screen. This seems a bit clunky compared to just swiping down for the app drawer, but some people will appreciate the immediate access.

On a more fun note, the Shuffle Watch Face tool will swap between your saved favorites, while the “Recommend watch face” option finds one with a “similar style to the watch face you’re using” to try out. Samsung’s watch faces beat the other Wear OS brands for quality and quantity, so any excuse to try out more faces is a good one.

There’s probably even more data hidden in the code to uncover. The APK teardown even showed an adaptive charging tool that freezes your Galaxy Watch battery at a custom percentage (like 95%) and then waits to restart charging until another custom value (like 50%).

Pixel Watches are also supposed to get adaptive charging soon, so both brands’ batteries will last longer without overcharging.

Stirring software for a safe release year

Even if we assume the dataminers have found everything hidden, there’s still the official Samsung Health AI tools coming to Galaxy Watches this year, from Vascular Load and an AI Health Coach to the new antioxidant index and mood check-ins.

It’s a relief to see Samsung going all-out on software because, so far, the Galaxy Watch 8 may not change much internally when compared to the Watch 7.

We don’t have fully leaked renders yet, but the Galaxy Watch 8 has already passed through the FCC and Korean battery certification. All the publicly available data shows that the charging speed and Wi-Fi connectivity are unchanged, while the battery capacity has barely increased.

Samsung promised that its next Galaxy Watch will have an “innovative design” during its latest earnings call, so it’s possible the Watch 8 will have a brand new look to go with the new software. Leaks are pointing to a squircle design on both the standard and Classic models to match the Galaxy Watch Ultra, which is nice to see after getting the same Galaxy Watch design over the last four generations.

Fortunately, if you’re really excited about a Galaxy Watch 8 Classic bringing back the rotating bezel and retro Samsung style, the leaks suggest this is something we can probably look forward to! However, aside from the facelift, Classic watches typically have the same hardware as the base model.

Generally speaking, Samsung’s One UI Watch is designed to mirror the phone software in looks and actions, like swiping to access the app drawer and quick settings. Where stock Wear OS is intentionally clean and simplified, Samsung’s version sticks to what Android fans know.

I’m not sure how much of One UI 7’s personality made its way into last year’s Wear OS update. Stylistically, it didn’t seem that different. And of course, nothing is official yet, and we’ll have to wait and see what we get when Wear OS 6 and One UI 8 are officially announced. Still, it’s a relief to see Samsung cramming so many familiar phone tools into its watch to bring them into closer sync.

For more news and information on Samsung’s upcoming smartwatch, check out our Ultimate Guide.

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Crypto Market News: 30% fix hits Bitcoin

Bitcoin is facing the second-largest fix for the current Bull Run. The coin reached an all-time high of $109,590 on January 20th, but then retreated 30%, reaching a low of $77,041 for the week of March 9-15th. The sharp decline is attributed to sales pressure from short-term holders defined as those who have purchased Bitcoin within the past 7-30 days.

“If Bitcoin is stable at this level, history suggests that a strong recovery could continue,” a Bitfinex analyst told Cointelegraph.

Bitcoin is for sale.

A massive reversal will soon be seen! pic.twitter.com/xf8dlaeplb

– Mister Crypto (@misterrcrypto) March 18, 2025

In addition to the bitcoin’s plight, exchange-selling products (ETPs) tied to cryptographic records significant leaks. In the past five weeks, total outflows have reached $6.4 billion. In particular, Bitcoin-specific ETPs have seen a $5.4 billion outflow, indicating a lack of institutional demand.

According to Bitfinex, institutional buyers are essential at these low levels to absorb and stabilize supply. Without their engagement, Bitcoin could have a hard time finding a solid bottom.

Exploration: XRP Price Jumps 11% after SEC Crypto Unit XRP ETF Progress

A challenging macroeconomic climate

Bitcoin is also causing a fierce fire from a brutal macroeconomic storm. Trust in the US economy has been bumping into for the first time in two years, with the Federal Reserve projecting a contraction of 2.8% by early 2025. The illusion of inflation remains large, with trade tensions refusing to settle, sucking up Bitcoin selling points as a safe port.

There is also the possibility of a US-Israel war with Iran.

Tucker Carlson opposes attacking Iran:

“It is worth pointing out that strikes on Iran’s nuclear power plants almost certainly will result in the deaths of thousands of Americans.

to follow: @afpost pic.twitter.com/yk5vmi3p2x

– Post (@afpost) March 17, 2025

Bitcoin hasn’t been rolling over yet. He holds support for $80,000 after a heavy weekend fall. Historically, such a move has been suggested at the bottom and is a green light for long-term optimists. But for a true turnaround, fresh institutional support and a brighter economic outlook will be needed. Bitcoin may still stick to its reputation as “digital gold,” but ju-describers are coming out about its ability to weather inflation without shaking its focus.

Why is the code down today? Buy BTC Bull Crypto Presale

If you’re looking for a great bitcoin buddy, the BTC Bull Token ($btcbull) is ripping its first pre-sale for $0.002415 and rakes $3.7 million for $3.7 million. But this isn’t just Meme Coin Circus.

Early Adapters are looking at perks like Bitcoin airdrops and fat rewards for people bold enough to get in early. As Bitcoin rose 125% last year and is projected to peg at $150,000 by 2025, all eyes are on $BTCBULL’s first token burn, incites a flame of its growing momentum.

Stay in the loop via X and telegram as $btcbull shakes the market.

Exploration: Tether CEO Paolo Aldoino wants net positive from the US election, says Bitcoin Strategic Reserve is a great idea: 99Bitcoins exclusive

For the latest market updates, please join us in the discrepancy in 99bitcoins news here

Postcrypto Market News: This isn’t even the biggest dump this Bull Run first appeared in 99 Bitcoin.