Happy Friday!

Bitcoin has humbled many people and even Bitcoin’s fiercest critic, Peter Schiff, now admitted he is one of them. That did not stop him from calling a drop to $20,000.

Metaplanet has not underperformed the crypto king, according to the company’s CEO. He fired back at critics saying as much — here’s what he had to say.

Plus, join veteran trader Matt Maley as he explains how he stays engaged by scaling exposure up or down, protecting capital when uncertainty rises, and positioning for the next meaningful move. Live Sunday at 1 PM ET.

TOP STORY

Peter Schiff Admits Bitcoin Humbled Him — And Then Calls For A Crash To $20,000

Peter Schiff admitted Bitcoin humbled him — then immediately called for a crash to $20,000.

In a rare concession, the gold bug acknowledged he underestimated how many people would buy BTC, but warned the asset has never dropped this hard "with so much hype, leverage, institutional ownership, and market cap at stake."

Polymarket traders are taking the downside seriously: 73% odds BTC touches $55,000 before year-end.

SPECIAL OFFER

How To Position For Another Volatile Week

When markets become unstable, freezing is not a strategy. Join veteran trader Matt Maley as he explains how he stays engaged by scaling exposure up or down, protecting capital when uncertainty rises, and positioning for the next meaningful move. Live Sunday at 1 PM ET.

QUICK N DIRTY

Bitcoin, Ethereum, XRP are trading sideways once again, with crypto remaining in a holding position: here’s what’s moving markets today.

Grayscale is buying more Cardano, but not for the reasons you might be thinking. No, it wants to…build Bitcoin DeFi on Cardano (yes, really).

Bitcoin has logged its worst start to a year ever. It’s down over 20% so far — and here’s the culprit for this decline.

FINTECH FOCUS

Metaplanet CEO Fires Back At Critics: 'We Have Not Underperformed Bitcoin'

Metaplanet CEO Simon Gerovich is hitting back at critics who called the company's Bitcoin strategy a failure — pointing out the stock fell 23% while Bitcoin dropped 24%.

"We have not underperformed," he said. Gerovich acknowledged buying near September's local top at $114,000 but defended the approach as systematic accumulation, not market timing.

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