Peter Schiff: Bond market collapse will lead to stock and crypto crash

Peter Schiff, a noted cryptocurrency skeptic, has predicted that a collapse in the bond market will impact the cryptocurrency market, including Bitcoin, BeInCrypto reported. He recently stated that rising yields on U.S. 10-year and 30-year Treasury bonds are expected to continue. Schiff argued that these higher yields will increase interest costs, putting pressure on the stock market, leading to a housing market downturn and worsening inflation. While this could be positive for precious metals like gold and silver, he believes a stock market decline will trigger a sharp drop in the crypto market. He also noted that Strategy (MSTR) is selling BTC to fund its dividends.