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Bitcoin Faces Doubt, Division, and Market Pressure

Public figures debate Bitcoin’s future and status as traders brace for more volatility and a potential market reset near $104,000.

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Joe G & Money Talks
October 23, 2025 • Estimated Reading Time: 5 minutes

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What we will talk about today...

Peter Schiff: Bitcoin Will Go to Zero

Jack Dorsey: “Bitcoin Is Not Crypto”

Trump Tariffs Pressure Bitcoin Traders

Analysts Expect a Final Flush to $104K

Peter Schiff: Bitcoin Will Go to Zero

Gold advocate Peter Schiff restated his belief that Bitcoin has no real value and will eventually collapse.

  • [Outlook]: Schiff said Bitcoin will “go to zero,” calling it a pump-and-dump scheme.

  • [Market view]: He noted Bitcoin is down 30% from its peak in gold terms.

  • [Macro warning]: He predicted a U.S. debt crisis worse than 2008, driven by a collapse in Treasury demand.

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“I still think it is going to zero.”

“There’s going to be a run on treasuries. The world will not want to own U.S. dollars.”

Jack Dorsey: “Bitcoin Is Not Crypto”

Jack Dorsey reignited debate on X, insisting Bitcoin stands apart from the broader crypto market.

  • [Design]: Bitcoin’s fixed supply and proof-of-work model contrast with flexible, fast-changing networks like Ethereum.

  • [Governance]: Bitcoin’s upgrades are rare and require broad social consensus.

  • [Market signal]: Institutional funds and ETFs treat Bitcoin as its own asset class, not a token play.

“Bitcoin is not crypto.” – Jack Dorsey

Trump Tariffs Pressure Bitcoin Traders

New U.S. tariffs on China and investor caution are weighing on Bitcoin’s short-term price.

  • [Market action]: BTC trades near $109,000, down after a sharp sell-off.

  • [Investor behavior]: U.S. spot buyers are accumulating, but futures traders are shorting aggressively.

  • [Macro factor]: Tariff tensions and a record government shutdown limit upside momentum.

“Opportunity ahead is similar to pre-Trump victory 2024.” – Quinn Thompson, Lekker Capital

Analysts Expect a Final Flush to $104K

Analysts see one more Bitcoin dip before the bull cycle resumes.

  • [Technical level]: Bitcoin’s 50-week moving average sits near $102,500, a key support.

  • [Leverage reset]: High leverage and liquidity near $104,000 point to another short-term drop.

  • [Recovery outlook]: Analysts expect a strong rebound once the correction completes.

“The market always feels the worst right before it reverses.” – Sykodelic
“Profit-taking opens the door to $102,000, then a larger reversal.” – Negentropic

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🚀Stay sharp. The path to $150K won't be linear🚀

This article is not financial advice. Market conditions can change rapidly, and past performance does not guarantee future results