Happy Tuesday!

Peter Schiff has criticized Bitcoin again, calling (as usual) for its demise and lower prices: here’s what he said.

Bitcoin is a great hedge against bad governance, according to Tim Draper: here’s what he means by that. 

Plus, today’s sponsor’s latest deep dive reveals how Celsius’ mega $1.8 billion acquisition could change the balance of power in energy drinks — and why consumer data points to something big in the months ahead. Click here to learn more.

TOP STORY

Peter Schiff Predicts Bitcoin Could Sink To $75,000: ‘Sell Now, Buy Back Lower'

Prominent Bitcoin critic Peter Schiff has once again sounded the alarm, calling for Bitcoin to potentially drop toward $75,000 — below Strategy’s average cost price.

In an Aug. 26 post on X, Schiff pointed out that Bitcoin slipped below $109,000 — about a 13% correction from recent highs.

He said the decline highlights downside risk despite strong hype and corporate accumulation.

Schiff suggested holders should consider selling now and buying back at lower levels, but stressed his advice doesn’t apply to those who don’t already own BTC.

Read the full scoop here. 

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QUICK N DIRTY

Bitcoin, Ethereum, Dogecoin, XRP are still reeling from the recent leverage unwind and are struggling to regain ground: here’s what’s driving the market today.

Trump Media Group is making moves in crypto again and is building a new crypto treasury: here’s what the company is buying.

Ethereum will hit $7,500 by the end of the year, according to Standard Chartered — and this is how the bank sees its thesis play out.

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FINTECH FOCUS

Bitcoin Is 'A Hedge Against All Of Bad Governance', Tim Draper Says

Venture capitalist Tim Draper, founder and managing director of Draper & Associates, on Monday said that Bitcoin is "a hedge against all of bad governance."

Draper told CNBC that "Bitcoin is your alternative that allows you to deal with the major changes that are happening in government policies over time."

Draper, an early investor in companies including Tesla, SpaceX, Skype, Coinbase and Robinhood, has long been one of Bitcoin’s most vocal advocates.

Why does he think Bitcoin can hedge against bad governance?

Read the full scoop here. 

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