Peter Schiff said Bitcoin’s move above $72,000 was a “fakeout, not a breakout,” linking the rally to the U.S. Treasury’s expanded purchases of longer-term government bonds. He argued that investors expecting easier financial conditions to lift both Bitcoin and gold are “only half right,” and urged them to “Sell Bitcoin, buy gold.” The Treasury buyback plan is intended to improve liquidity in the Treasury market and contributed to declines in some yields, although Bitcoin’s rally also coincided with approximately $517.19 million in net inflows into U.S. spot Bitcoin ETFs, the strongest daily inflow in more than three months. BlackRock’s IBIT accounted for roughly $284.7 million. Bitcoin treasury stocks including Strategy (MSTR), American Bitcoin (ABTC/ASST) and MARA Holdings (MARA) also rose sharply, with some gaining more than 12%. Schiff’s comments are consistent with his long-running criticism of Bitcoin and his preference for gold as a monetary and inflation hedge. In June, when Bitcoin traded below $66,000, he warned that BTC could fall to $20,000 if it broke below $50,000. The latest market level remains an assessment rather than confirmation of a lasting trend, with investors monitoring Bitcoin’s price, ETF flows and BTC-linked equities as liquidity expectations change.