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

Shiba Inu forms first 2025 golden cross

Shiba Inu saw an 85% rise following the last golden cross occurrence. 

• Technical signal. SHIB 50-day MA crossed above the 200-day MA, creating its first daily golden cross this year.

Shiba Inu has formed a golden cross on its daily chart, the first such occurence in the year 2025, as SHIB saw a death cross on its one-day chart in February this year. The short-term moving average 50 has crossed above the long term moving average 200, resulting in a bullish golden cross.

• Significance. Bullish signal suggests potential upside, though market context remains cautious.

While Shiba Inu has formed moving average crossovers on the hourly or 4-hour time frames, the newly created golden cross is the first such on the daily chart this year. With this newly created bullish signal on the Shiba Inu charts, the market awaits where the dog coin will go next.

The broader cryptomarket is seeing continued profit taking, with major cryptocurrencies reversing early gains. Shiba Inu fell for three straight days from Aug. 22, when it saw a sharp rise from $0.000012 to $0.0000135. The drop hit a low of $0.00001183 from where Shiba Inu sharply rebounded in yesterday’s session.

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Bitcoin faces double-top risk after whale sell-off

Top trader Peter Brandt claims that Bitcoin (BTC) is facing a potential double top.

• BTC alert. Peter Brandt warns BTC bulls must reclaim $117,570 to avoid a “potential” double top.

Legendary trader Peter Brandt claims that Bitcoin bulls desperately need to reclaim the $117,570 level in order to avoid a “potential” double top. The leading cryptocurrency is currently changing hands at $111,794 after dipping to an intraday low of $100,381.

During the weekend, a Bitcoin whale liquidated a total of 24,000 coins that were worth more than $2.7 billion. It is believed that the massive crash was the key reason why the price of the leading cryptocurrency has now collapsed by $4,000 in mere minutes. 

• Reactions. Adam Back called the sell-off “clumsy.”

Blockstream CEO Adam Back described this kind of activity as clumsy. “Normally, people with that kind of money would be smarter,” Back said.  Even though some market participants have downplayed the importance of the massive whale move, Brandt insists that it should not be dismissed since it represents supply.  As noted by Brandt, market tops tend to be created by supply or distribution. 

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Dogecoin whale pulls $12M from Binance

DOGE withdrawal stuns Binance as new Dogecoin whale is born.

• Large transaction. A whale withdrew 52.9M DOGE (~$12M) from Binance in two large transactions

Dogecoin whale pulled 52.9 million DOGE off the world’s largest crypto exchange, Binance.  That is almost $12 million worth of liquidity that left the exchange in just under a day. The movements came in two big tranches, first 32.9 million DOGE, then another 20 million, both routed into a wallet that appeared only recently and now holds the whole stash.

Dogecoin has a circulating supply in the hundreds of billions, but when a single address consolidates that much volume, it can change how the order book functions in the short term. Binance is still the busiest place for DOGE, but now it looks like they have fewer of the coins available. 

This is usually seen as a sign that the holder does not want to trade them on the open market, but rather just hold on to them. This idea has been backed up by the past, when similar outflows happened before recoveries from local lows.

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Bullish, the institutional crypto exchange backed by tech billionaire Peter Thiel, is targeting a valuation of up to $4.23 billion in its U.S. initial public offering, according to a regulatory filing submitted on Aug. 4.

The company is offering 20.3 million shares priced between $28 and $31, potentially raising as much as $629.3 million, Reuters reported the same day.

If successful, Bullish would debut at a steep discount to the $9 billion valuation it once pursued in a failed 2021 merger with a blank-check company. That earlier deal was scrapped in 2022 due to regulatory uncertainty.

This IPO attempt comes amid a friendlier policy environment under the Trump administration, including the recent passage of the GENIUS Act, which outlines the first federal guidelines for stablecoins and has helped reinvigorate interest in crypto-related equities.

Bullish, led by former New York Stock Exchange president Thomas Farley, said in its prospectus that it plans to convert a substantial portion of the IPO proceeds into U.S. dollar-backed stablecoins with the support of one or more token issuers. The move mirrors the recent trend among crypto firms to anchor reserves in regulated digital dollars.

While Bullish posted a $349 million loss in the first quarter of 2025, driven largely by mark-to-market declines in its crypto holdings, investors are likely to focus more on core exchange profitability and operational efficiency.

The offering is being led by J.P. Morgan, Jefferies, and Citigroup. Shares are expected to trade on the New York Stock Exchange under the ticker symbol “BLSH.”

Bullish’s filing comes just days after Coinbase, the largest publicly traded crypto exchange, reported a decline in second-quarter profit amid sluggish trading activity. Despite the dip, broader investor sentiment appears to be shifting toward long-term structural plays in the digital asset space.

Mentioned in this article

A crypto exchange backed by billionaire investor Peter Thiel is seeking to file for an initial public offering (IPO) worth over $4.2 billion.

According to a new Reuters report, the billionaire-backed Bullish is targeting a $4.23 billion valuation for its upcoming US IPO.

Bullish reportedly plans to invest many of the IPO funds in US-dollar-backed stablecoins.

Bullish plans to offer 20.3 million shares priced between $28-$31, seeking up to $629 million.

The news comes on the heels of another Thiel-backed firm, BitMine, announcing that it has accumulated over $3 billion worth of the second-largest crypto asset by market cap, becoming the largest Ethereum (ETH) treasury company in the world.

The company’s newly appointed chairman of the board of directors, Fundstrat’s Tom Lee, says that BitMine is well on its way to achieving its goal of acquiring and staking 5% of the total supply of ETH.

BitMine seeks to become the MicroStrategy of Ethereum. The software company now known as Strategy already holds 601,000 BTC, worth approximately $72 billion, or around 2.865% of the total supply of the flagship cryptocurrency.

“Among Bitcoin treasury companies, we have witnessed the reflexive benefit of acquiring large holdings… Such sizable holdings have created a ‘sovereign put’ for the company, meaning a nation-state views MSTR holdings as attractive if a nation ever wanted to acquire 5% of the Bitcoin network. Similarly, ETH Treasuries, which accumulate 5% of ETH supply, can benefit from a similar ‘Wall Street put.’”

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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Crypto Journalist

Amin Ayan

Crypto Journalist

Amin Ayan

About Author

Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has…

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Last updated: 

July 19, 2025

Peter McCormack, well-known Bitcoin podcaster and owner of Real Bedford FC, has announced a bold plan to tackle rising crime in Bedford, UK, stepping into a role some liken to a real-life Batman.

Frustrated by what he calls the police’s failure to protect the community, McCormack is personally funding a pilot initiative deploying ten security guards to patrol the town center every Saturday.

In a post on X, McCormack said, “If the police won’t keep the town safe for our women and children, I will.”

Rising Crime in Bedford Sparks Business Closures

McCormack said his concerns center on a surge in crime, including aggressive begging, shoplifting, and harassment, which he says have driven shoppers away, forced stores to close, and left families feeling unsafe.

The Bedford-based entrepreneur and football club owner claims he issued a warning to local police before launching his plan, criticizing them for not addressing these issues.

Bedford, a town of around 185,800 residents located less than two hours from London, has seen McCormack become a vocal advocate for community safety.

Alongside his business ventures, he runs Real Bedford FC, a football club famously dubbed the “Bitcoin soccer team,” backed by investments from Gemini founders Tyler and Cameron Winklevoss.

McCormack has engaged local residents by surveying them about crime and has called for community meetings to build support for his security project.

Despite the initiative’s ambition, legal questions remain around how these private security personnel will operate in public spaces.

Vigilantism is illegal in the UK, and experts from JD Spicer Zeb Solicitors caution that such efforts must stay within legal boundaries.

It is suggested that the guards may function more as informants, gathering video evidence to assist police investigations, similar to the growing trend of traffic vigilantes in the country.

While the concept of privately funded security patrols might seem unconventional, it reflects a broader trend in areas facing police shortages.

Lieutenant Eric J. Altorfer of the San Francisco Police Department noted earlier this year that private security increasingly fills gaps left by understaffed law enforcement agencies.

However, Altorfer emphasized the importance of clear collaboration between private security firms and public police to ensure accountability and effectiveness.

Crypto Execs Hire Bodyguards Amid Influencer Kidnapping Concerns

As reported, crypto executives are turning to personal security services as targeted kidnappings and ransom attempts continue to escalate, particularly in France.

In May, private security firms such as Infinite Risks International, based in Amsterdam, reported a sharp increase in demand from crypto professionals seeking round-the-clock protection amid rising crypto kidnappings.

The rise in inquiries came after a spate of violent attacks, including multiple kidnapping attempts that have alarmed both investors and law enforcement.

In France, the father of a crypto millionaire was brutally attacked. And in New York, a tourist was tortured for over two weeks as kidnappers tried to extract his Bitcoin credentials.

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Bullish, the crypto exchange backed by billionaire investor and PayPal co-founder Peter Thiel, is officially heading to Wall Street. In a bold move that underscores growing institutional confidence in digital assets, Bullish announced on Friday that it has publicly filed a registration statement on Form F-1 with the US Securities and Exchange Commission (SEC), signaling its intent to go public.

The IPO filing positions Bullish among a new wave of crypto-native companies seeking to bridge the gap between traditional finance and blockchain technology. While the offering’s price range and timeline remain undisclosed, investors and crypto enthusiasts alike are watching closely, as Bullish’s move may set the tone for other crypto firms considering entry into the public markets.

This public offering could become a pivotal moment for the industry, arriving at a time when market sentiment has recovered and lawmakers in the US are advancing crypto-focused legislation.

Major Wall Street Firms Back Bullish IPO

Bullish’s path to becoming a publicly traded company is gaining serious momentum, with some of Wall Street’s most prominent names supporting the offering. According to the IPO filing, J.P. Morgan and Jefferies are acting as the lead book-running managers for the proposed offering, highlighting institutional interest in the crypto-native exchange. Citigroup is also participating as a joint book-running manager, reinforcing the growing intersection between traditional finance and the digital asset space.

Additional book-running managers include Cantor, Deutsche Bank Securities, and Societe Generale, signaling a global appetite for exposure to crypto infrastructure companies. Meanwhile, Canaccord Genuity, Keefe, Bruyette & Woods (a Stifel Company), and Oppenheimer & Co. are listed as co-managers of the offering.

The IPO, once approved, will be conducted strictly through a prospectus. Interested investors will be able to access the preliminary prospectus, once available, via the SEC’s EDGAR system at www.sec.gov.

As outlined in the filing, Bullish has surpassed a significant milestone—reporting more than $1.25 trillion in total trading volume since its launch. This figure showcases not only the exchange’s operational scale but also its appeal to institutional traders and sophisticated investors. With heavyweight financial firms backing the offering and crypto momentum building, Bullish’s IPO could mark a turning point in the public market’s acceptance of digital asset platforms.

Total Crypto Market Cap Breaches $3.7 Trillion With Strong Weekly Momentum

The total crypto market cap has officially broken above $3.7 trillion, printing one of the strongest weekly candles since the start of 2024. The chart shows a clear continuation of the broader bullish structure, as the market decisively pushed through previous resistance near the $3.5 trillion level. This surge is accompanied by a noticeable increase in volume, indicating strong participation and confidence from buyers.

All major moving averages are now trending upward, with the 50-week moving average crossing well above the 100-week and 200-week lines, reinforcing the longer-term uptrend. Price remains significantly above the 50-week SMA at $2.88 trillion, showing the market’s current strength and distance from any immediate downside risk.

This breakout confirms a higher high, extending the bullish pattern that started after the 2022 bear market bottom. With bullish sentiment returning, many analysts are now watching the $4 trillion level as the next key psychological and technical target.

Featured image from Dall-E, chart from TradingView

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Crypto Writer

Arslan Butt

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Arslan Butt

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Arslan Butt is an experienced webinar speaker, market analyst, and content writer specializing in crypto, forex, and commodities. He provides expert insights, trading strategies, and in-depth analysis…

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June 12, 2025

Bitcoin has dropped to $107,177, below the $108,000 support as selling pressure mounts. Veteran trader Peter Brandt is warning of a 75% correction to $27,290 from recent highs of $112,000.

He notes that the breakdown below the ascending channel and series of lower highs is similar to the 2022 bear market when Bitcoin dropped from $69,000 in late 2021.

Brandt’s warning isn’t just technical. He points to deteriorating market structure and sentiment as key supports fail. This has amplified investor anxiety, especially with the broader macro and geopolitical backdrop.

Geopolitical Tensions Intensify Market Risks; Bitcoin Under Pressure

Global conflicts are fueling the fire. Reports of Israel preparing to strike Iran have caused risk-off sentiment. The Russia-Ukraine war has escalated with drone strikes on Kharkiv, deepening investor caution.

While uncertainty usually boosts safe-haven assets, Bitcoin is not capturing traditional safe-haven flows. It’s weakening along with broader risk assets.

Despite the risk-off tone, US Bitcoin ETFs saw $164.57 million in net inflows on Wednesday. GameStop added 4,700 BTC since May, and Mercurity Fintech plans to raise $800 million for a BTC treasury reserve. But institutional demand hasn’t yet offset broader market pressure.

Bitcoin Technical Breakdown Weighs on Bears

Technically, the Bitcoin price prediction appears bearish amid BTC’s breakdown below the trendline and the 50-period EMA ($107,985), which is clear. MACD confirms with a bearish crossover and widening gap, indicating downward momentum.

Rejection candles from $110,376 and lower highs have formed a near-term bearish pattern.

BTC is testing immediate support at $106,401. If that fails, further declines to $105,180 or $104,026 are more likely.

The market is at a crossroads, either a breakdown to Brandt’s $27,000 target or a short-lived bounce on institutional accumulation.

Trade Setup for Short Sellers:

• Entry: Short on rejection near $108,000
• Stop-loss: Above $108,800 (above EMA)
• Target 1: $106,400
• Target 2: $105,180
• Risk Level: 6/10

Summary

Bitcoin’s price action is weakening its technical structure and poses high bear risk. With macro headwinds, geopolitical tensions, and a veteran trader’s warning, BTC may be starting a bigger correction.

Watch levels closely and be prepared for more volatility. The market is fragile; a break below $106,000 could be the start of a bigger move.

BTC Bull Token Nears $8.1M Cap as 58% APY Staking Attracts Last-Minute Buyers

With Bitcoin trading near $107K, investor focus is shifting toward altcoins, especially BTC Bull Token ($BTCBULL). The project has now raised $7,103,849.89 out of its $8,153,354 cap, leaving less than $1 million before the next token price hike. The current price of $0.00256 is expected to increase once the cap is hit.

BTC Bull Token links its value directly to Bitcoin through two core mechanisms:

• BTC Airdrops reward holders, with presale participants receiving priority.
• Supply Burns occur automatically every time BTC increases by $50,000, reducing $BTCBULL’s circulating supply.

The token also features a 58% APY staking pool holding over 1.81 billion tokens, offering:

The token also features a 61% APY staking pool holding over 1.73 billion tokens, offering:

• No lockups or fees
• Full liquidity
• Stable passive yields, even in volatile markets

This staking model appeals to both DeFi veterans and newcomers seeking hands-off income.

With just hours left and the hard cap nearly reached, momentum is building fast. BTCBULL’s blend of Bitcoin-linked value, scarcity mechanics, and flexible staking is fueling strong demand. Early buyers have a limited time to enter before the next pricing tier activates.

The global head of technology research at Wedbush Securities, Dan Ives, is leaning bullish on analytics software firm Palantir Technologies (PLTR).

In a new CNBC interview, Ives says the market cap of Palantir Technologies could skyrocket by around 290% from the current level in a few years.

“I believe this is going to $1 trillion market cap in the next two to three years. These numbers just show, I think, ‘Let’s get to popcorn out.’ It’s still in the early days of playing out.”

As of Monday’s market close, Palantir Technologies is trading at $108 and has a market cap of approximately $256 billion.

While likening Palantir Technologies to soccer superstar Lionel Messi, Ives defends the software analytics firm’s valuation, saying it is justified given the growth opportunities.

“If you go back the last few years, I mean they hated it at $10, despised it at $100 and that would be the continued argument of valuation.

If you look at what’s happened to the artificial intelligence (AI) revolution, $2 trillion of spend over the next three years. On the software side, it’s their world, everyone else is paying rent, income is to Palantir.

So my view is if you look at just on valuation, and if you went back, you’ve missed every transformational tech stock in the last 20 years. If you just focused on valuation, where is this in the next two, three, four or five years?

And I view what [CEO Alex] Karp’s doing at Palantir is generational. But again, the haters are going to hate, I get it. Valuation. Check the box. You look at these numbers, to me, I think this is just another sort of table-pounder moment, you know, for what I view as the Messi of AI, Palantir.”

Billionaire venture capitalist Peter Thiel owns about 4.5% of Palantir Technologies, according to financial data firm Fintel.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any losses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.

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