Bitcoin is crashing. It just dropped below $112,000. In terms of gold, Bitcoin is now down over 25% from its record high set in August. It still has a long way down to fall.
— Peter Schiff (@PeterSchiff) October 10, 2025
JUST IN: Bitcoin has tanked below $108,000, plunging over -10% today.
— Jacob King (@JacobKinge) October 10, 2025
Over $3.7 billion in positions have been liquidated, the largest single-day wipeout in Bitcoin’s entire history. pic.twitter.com/1DuKzqVt1A
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2 responses to “Bitcoin under Attack”
When the government turns off the power or the internet, Bitcoin goes to ZERO. The dollar is a complete piece of s#!+, but at least it is backed by the willingness of the government to STEAL as much as is needed to pay its debts. What exactly, other than blind faith, does Bitcoin have “backing” it???
The only meaningful difference between Bitcoin and the Dollar is one is controlled by the Fed Gov and the other isn’t. Neither have ANY actual inherent value. And since the Fed Gov can’t control Bitcoin guess which one it wants to see destroyed.