Peter Schiff Tells Bitcoin Holders to Get Out, Citing Backdrop Unlike Gold
Asked why two or three down years would matter for Bitcoin when gold and the Nasdaq have recovered from similar streaks, Peter Schiff says the difference is the backdrop. In a Bitcoin Magazine video, he tells holders bluntly to "get the hell out." The clip is short, and the summary does not spell out the specific conditions he points to.
Why it matters: Bitcoin's case as a hard-money asset gets tested in drawdowns, and Schiff's critique is a reminder that holders should weigh the macro backdrop, not just the history of past recoveries.
Simon Dixon Names Three Conditions That Would Make Him Sell His Bitcoin for Gold
Simon Dixon, CEO and co-founder of BnkToTheFuture, tells BMTV that only three things would lead him to sell all of his Bitcoin and buy gold. The written summary does not list those conditions, so the full video interview is the place to check them. The piece was written by Patrick Green for Bitcoin Magazine.
Why it matters: When a long-time Bitcoin advocate sets out exact conditions for switching to gold, the debate moves from slogans to standards that can be tested against events.
Treasury Yields Hit 5.12% as Dollar Rises and Gold Drops 2.88% on Fed Fears
On November 12 (local time), US Treasury yields and the dollar rose together while international gold fell to its lowest level in about a year. Stronger-than-expected US inflation data and the chance of another Fed rate hike pressed markets, and Middle East tensions pushed energy prices higher. The 10-year Treasury yield reached 5.125%, according to TradingView data.
Why it matters: A central bank that keeps raising rates to fight inflation makes the case for money whose supply no committee controls, which is the core of the Bitcoin argument.
Fed Skips October 2027 Rate Decision as Warsh Pushes Meeting Overhaul
The Federal Reserve will not set interest rates at its October 2027 FOMC meeting. The Fed kept its eight scheduled meetings for 2027 but will use some of them to discuss long-term policy strategy, according to a revised calendar released on the 12th. Starting in 2028, the Fed plans to cut rate meetings to six a year, part of a wider operational overhaul led by Chair Kevin Warsh.
Why it matters: Fewer rate votes make the Fed harder to read, not less powerful, and the price of money still gets set by a committee rather than by savers and borrowers.
Washington Paid $1.36 Trillion in Interest Again, Third Straight Trillion-Dollar Year
The U.S. government paid just under $1.36 trillion in gross interest on the national debt in fiscal 2026. That is the third year in a row the total has topped $1 trillion. Part of that money goes back to the government's own accounts, not only to outside bondholders.
Why it matters: Interest costs keep compounding on debt that can only be serviced by borrowing more or expanding the money supply, which is the core case for a fixed-supply asset like Bitcoin.
Bit Digital Shares Slip 5% Premarket After Q3 Revenue Misses Estimates
Bit Digital reported third-quarter revenue of $27 million, 16% below analyst consensus and more than $5 million short of expectations. The stock fell about 5% in premarket trading after the results came out. The gap between forecast and actual revenue was large enough to move the share price before the regular session opened.
Why it matters: Equity exposure to bitcoin still answers to quarterly revenue, and this miss shows that owning a company's stock is not the same as holding bitcoin itself.
This digest curates and summarizes news from multiple sources. All source links are provided for full context. Summaries reflect the author's interpretation and do not constitute financial advice. View all sources