Bitcoin News: Peter Schiff Predicts Bitcoin Sell-Off After Trump’s SOTU Speech

Key Insights:

• Bitcoin news highlights Schiff’s warning of a Trump crypto-driven sell-the-news pullback.
• Bitcoin jumps over $2K before SOTU, but no confirmed mention in Trump speech.
• Market watches for reversal as Schiff warns of post-speech Bitcoin volatility.

Bitcoin news shifted as prices moved higher ahead of U.S. President Donald Trump’s State of the Union address. Bitcoin climbed more than $2,000 before the speech began. However, Peter Schiff predicted that the rally could reverse once the event concluded.

The sudden price jump coincided with growing Trump crypto speculation. Traders appeared to position themselves in anticipation of a possible Bitcoin reference. Schiff questioned whether that expectation, rather than strong demand, drove the move.

Bitcoin News Reflects Schiff’s Sell-the-News Forecast

In fresh Bitcoin news, Peter Schiff addressed the rally in a post on X. He argued that speculation around Trump crypto discussions led to the spike. He openly questioned whether supporters managed to insert a Bitcoin reference into the speech.

Schiff stated that if Bitcoin was not mentioned, the market could react negatively. At the same time, he argued that even a direct mention might not sustain gains. According to him, early buyers could use the event to “sell the news.”

He added that traders may have purchased Bitcoin ahead of the address. They likely expected prices to rise if Trump referenced the asset. As a result, Schiff described the surge as speculative rather than fundamental.

His comments followed a recent warning about a possible decline to $20,000. In earlier remarks, he urged investors to reduce exposure before a downturn. He repeated concerns about volatility in his latest statements.

Schiff also reiterated his stance on gold. He said he does not want investors choosing Bitcoin over gold. He claimed that some promoters market Bitcoin as “digital gold” to attract traditional gold buyers.

Trump Crypto Speculation Drives Short-Term Price Move

Bitcoin rose from around $64,000 to nearly $66,000 before the speech. The increase exceeded $2,000 within a short period. As of press time, Bitcoin traded at $68,307, up 6.58% over the past 24 hours.

Market observers linked the rally to Trump’s crypto expectations. Many traders anticipated a possible mention of Bitcoin during the address. That anticipation appeared to fuel buying activity.

However, there were no confirmed reports of a Bitcoin reference. Instead, Trump focused on economic policy during the speech. The address became the longest State of the Union in history.

Representative Don Bacon later commented on Bitcoin news. He said Trump spent about an hour discussing affordability. According to Bacon, that topic dominated the speech.

Following the address, Bitcoin returned to the $64,000 range. The earlier momentum eased. Prices now show only marginal movement.

Bitcoin news now centers on whether Schiff’s forecast will materialize. He warned that disappointment could pressure prices if expectations fade. At the same time, he maintained that even positive references might not prevent selling. Separately, JPMorgan’s CEO warned of a potential 2008-style market crash.