Investor optimism surged on signs of a revived U.S.-China trade conversation, driving futures and the dollar higher. But economist Peter Schiff warns that behind those headlines are some deep economic wounds.
A trade agreement might soothe market turbulence in the short term, but it wouldn’t meaningfully address soaring deficits, stubborn inflation, or a world that is losing interest in the dollar.
In a post on X dated October 27, Schiff wrote:
“Gold is lower this morning as metals traders have penned in news of a trade deal with China mentally … But the trade deal will do nothing about budget deficits that are spiraling out of control, or rate cuts, inflation, and de-dollarization. Gold will continue to rise.”
Weak Fundamentals Shape the Bitcoin Price Prediction
Schiff says markets are overly fixated on trade headlines and paying too little attention to the long-term risks. The main factors he highlights:
Deficits: Increasing fiscal liabilities undermine confidence in the dollar’s place.
Inflation & interest-rate risk: High inflation and negative real interest rates are stability destroyers.
De-dollarization: World actors replace the dollar more and more in trade and reserves, which a trade deal does nothing to alter.
On October 26, Schiff said that:
“Stock futures & bitcoin are up and gold is down on news that the extra 100% tariffs on Americans buying Chinese goods will be delayed as the U.S. & China are close to another meaningless trade deal…”
To him, that kind of optimism doesn’t respond to the core of economic decline.
Why De-Dollarization is Accelerating
In addition to such warnings from Schiff, the data indicate that the dollar’s dominance is under threat. There are reports that other biggies, like Russia, China, and India, are now doing 90–95% of some trade machinations without using the U.S. dollar.
De-dollarization was recorded by JPMorgan Chase & Co. in a July 2025 note as a substantial decline in the use of dollars for international trade and financial transactions.
In this context, non-dollar assets such as gold and now crypto become more relevant. Alice Leng, Alan McQuaid, and Michelle Curtis at CME Group note that a weak dollar is positive for gold and, by extension, creates a better case for crypto.
From the crypto market’s perspective, the “Bitcoin price today” holds additional importance, and the “Bitcoin outlook” is effectively tied to macro changes in currency and fiscal policies.
Crypto Snapshot
As of late October 2025, the “Bitcoin price today” sits around $114,248, according to live data.
Here’s how the “Bitcoin price prediction” shapes up given current conditions:
| Metric | Value |
| Bitcoin price today | ~ $114,000 |
| Near-term target | ~$121,000 if resistance at ~$116,000 breaks |
| Risk scenario | Pullback toward ~$104,000 if momentum fails |
The “Bitcoin outlook” is thus framed by whether macro factors, notably de-dollarization and fiscal stress, stay in the background or come to the foreground.
What to Look out for in the Bitcoin Price Prediction
Trade deal vs. fundamentals: A headline agreement can boost sentiment but not repair the structural problems gripping the dollar and hence the “Bitcoin outlook.”
Dollar strength and rates: If inflation continues high or runs away from the deficit until the resolution of who actually needs Bitcoin, the dollar can also fall, set to play into those aforesaid figureheads’ “Bitcoin price prediction” upside.
Crypto & gold as hedges: As overall trust in the dollar wanes, other assets like gold and Bitcoin could become more widely monitored.
Crypto market technical levels: For the “Bitcoin price today,” the $114,248 level is significant for resistance. Its clean breaking would shift the “Bitcoin” price prediction towards $121,000; the unclean one is likely to open towards $104,000.
Final Word
Even as market enthusiasm over any U.S.–China trade reset continues to be evident, Peter Schiff’s warning focuses on more existential issues: ballooning deficits, inflation risk, and global flight from the dollar.
If you’re obsessing about crypto, the “Bitcoin price today” number ($114,248) and the “Bitcoin outlook” demonstrate something outside of market sentiment; they show structural change.
The “Bitcoin price prediction” zone for the two probable paths ahead is between $121,000 and $104,000.
If the macro fundamentals continue to weaken, this “Bitcoin forecast” might be biased towards the top range of “Bitcoin prediction.” With a stable dollar and the disregard of fiscal risks, fear is no fantasy.
Now the eye must be kept on the core economic focus, not just trade headlines and how that is going to affect Bitcoin’s future.
Summary
Economist Peter Schiff warns that the optimism on a U.S.–China trade revival is masking deeper macroeconomic risks, such as deficits and inflation, and the USD status as the Federal Reserve’s fiat dollar could be threatened by de-dollarization.
He says these structural problems undermine the trust in the dollar, helping to boost assets like gold and Bitcoin.
While Bitcoin is trading just below $114,248, analysts point out important resistance at $116,000 and predict a possible further advance toward $121,000 unless macroeconomic pressures continue supporting a bullish Bitcoin price prediction.
Glossary of Essential Terms
Bitcoin Price Prediction
A technical future price speculation: the value of Bitcoin in 2019, 2020, and 2021 based on metrics and statistics. Investors use it to determine potential price changes.
De-Dollarization
The phenomenon in which countries lessen their reliance on the U.S. dollar in international trade or reserves, typically by switching to local currencies or alternative assets like gold or crypto.
Inflation
The speed at which the overall level of prices for goods and services is increasing, causing currency purchasing power to fall and people to invest in hedge assets such as Bitcoin.
Budget Deficit
A fiscal position characterized by government expenditures being higher than the revenue from taxation, which can ultimately result in borrowing or devaluation of the currency and drive investors’ appetite for alternative assets.
Resistance Level
A technical analysis price level at which an asset faces selling pressure, thereby preventing increase. A strong resistance for Bitcoin is at $116,000.
Safe-Haven Asset
A security that is expected to hold or increase its value in market downturns. Gold and Bitcoin are often seen as havens from currency fluctuations.
U.S.–China Trade Deal
An economic deal to defuse a trade war between the United States and China. Its results can affect global markets, currency rates, and crypto sentiment.
De-Dollarization Impact on Crypto
As the world becomes less reliant on the dollar, charters like Bitcoin become more interesting as decentralized forms of value that are not controlled by any nation’s financial system.
Frequently Asked Questions About Bitcoin Price Prediction
1: What did Peter Schiff say in the latest market commentary?
Trade Optimism Masking Deeper Trend Schiff also warned that the trade peace looked to be masking deeper risks such as deficits, inflation, and de-dollarization, all of which would favor a weaker dollar and thus stronger Bitcoin.
2: What effect does Schiff’s prediction have on the Bitcoin price forecast?
Schiff’s warning implies that a declining dollar and stubborn inflation could drive investors toward Bitcoin, adding support to an optimistic Bitcoin price prediction for late 2025.
3: What are the important Bitcoin price levels to observe at this point?
Analysts note resistance around $116,000 and support in the region of $104,000; a close above with a rally towards $121,000 could follow over the coming weeks.
4: What does de-dollarization have to do with crypto investors?
De-dollarization diminishes dependence on the U.S. dollar in the global economy and thus boosts demand for alternative assets such as Bitcoin, promoting its value and long-term standing in financial markets.