Peter Chef says Bitcoin was born from the 2008 financial crisis, and will die in the 2025 crisis.

The famous gold lawyer and Bitcoin critic Peter Chef The debate on the future of encrypted currencies, claiming that the crisis that was born Bitcoin in 2008 may lead to its fall in 2025.

In a post on X (Twitter previously), Chef wrote, “Bitcoin was born from the 2008 financial crisis. Ironically, the 2025 financial crisis will kill it.”

Bitcoin was born from the 2008 financial crisis. Ironically, the financial crisis of 2025 will kill it.

– Peter Chef (@PETERSCHEFF) April 10, 2025

Chef’s confirmation comes as Bitcoin faces great fluctuations amid the escalation of global trade tensions. Recently, the United States imposed a 145 % tariff on Chinese imports, prompting retaliatory measures from China. This escalation led to concerns about global economic growth and increased market fluctuations.

The price of bitcoin reflected this uncertainty. After reaching the highest level ever of more than $ 100,000 in January 2025, he has since decreased by about 27 %, as it was circulated by about $ 75,000 as of April 10. This recession also affected the shares associated with encryption, with companies such as Coinbase and Microstrategy that suffer from remarkable losses.

In response to economic instability, President Donald Trump announced a 90 -day comment on an additional tariff for many countries, with the aim of reducing tensions in the market. This temporary relief move provided Bitcoin’s recovery for a short period of $ 82,000. However, the broader concerns about the global economy still exists.

Chef also criticized the recent US government’s decision to establish a Bitcoin strategic reserves. He argues that this step is not specified, especially since the value of bitcoin held in the reserve has decreased by more than 12 % since its establishment in March 2025. Shif suggests that investing in gold was a wise option, indicating that gold prices have witnessed modest gains during the same period.

While a controversial chef predictions, they confirm the continuous debate about Bitcoin’s role in the global financial system, especially during periods of economic tension. As the markets continue to deal with uncertainty, the performance of the cryptocurrency in the coming months will be monitored closely by investors and critics alike.

Also read: What awaits us in Altcoins: looking at the diverse future of the governor

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