Bitcoin’s rise above $72,000 has failed to persuade economist and longtime $BTC critic Peter Schiff that a sustained uptrend is beginning. In a post on his X account today, Schiff called the move “not a breakout, but a fake move” and attributed the rally to the US Treasury Department’s surprising bond buyback announcement. He said the Treasury action strengthened expectations of easier financial conditions and created short-term optimism in cryptocurrency markets. Schiff argued that investors have long expected looser monetary policy to lift both gold and Bitcoin, but said that view is only partly correct: greater liquidity could support gold prices, while its effect on Bitcoin would not be permanent. He urged investors to sell Bitcoin and buy gold, while noting that his comments are not investment advice.