The Death Spiral Has Begun... Bitcoin, Tech, and Stretch All Cracking!

Saylor sold Bitcoin for the first time, Stretch hit $90, and the self-perpetuating death spiral I've been warning about just started. • This episode is sponsored by Odoo. Sign up for free at • This episode is also sponsored by Hims. Visit to get a personalized, affordable plan that gets you. The tech wreck Peter Schiff has been warning about may have finally started. Bitcoin plunged 16% on the week to below $60,000, wiping out all post-election gains and pushing Strategy's 840,000 Bitcoin position $12 billion underwater. Stretch preferred stock fell to $90, triggering a potential death spiral: Saylor must either raise the dividend to prop the price back up — burning through his already depleted cash reserves faster — or watch holders flee, which craters both Stretch and Strategy, forcing the liquidation of all 840,000 Bitcoin at fire-sale prices. Strategy sold 32 Bitcoin this week — the first sale ever — and Schiff argues this was a warning shot, not a one-off. The Nasdaq dropped 4.6% on Friday after a jobs report that showed 172,000 jobs created, 158,000 of which came from the birth-death model alone. Tech layoffs hit pandemic-era highs as companies redirect payroll savings into AI CapEx. Meanwhile, Trump valued Fannie and Freddie at a trillion dollars — a fiction Schiff dismantles, since the companies' mortgage guarantees are liabilities, not assets. Gold dropped 3.3% and silver fell 8.7% on algorithmic selling, but Schiff calls it the buying opportunity of the year as every macro force — collapsing real rates, forced Fed money printing, and the flight from risk assets — points to precious metals. Chapters: 00:00 Death Spiral Warning 00:34 Market Turbulence Setup 01:43 Jobs Report Reality Check 08:51 AI Bubble Funding Crunch 17:26 Crypto Crash and Strategy Unwind 28:19 Crypto Treasury Unraveling 29:09 Ethereum Leverage Warning 32:56 Gold Silver Safe Haven 34:57 Bitcoin Down Year Math 43:07 Fannie Freddie Valuation Myth 50:47 Dollar Stress Value Rotation Wrap Follow @peterschiff X: Instagram: TikTok: Facebook: Free Reports & Market Updates: Book Store: Sign up for Peter's most valuable insights at Schiff Gold News: Our Sponsors: * Check out Chilipad and use my code sleep.me/GOLD for a great deal: * Check out DBJourney and use my code Schiff15 for a great deal: * Check out Fast Growing Trees and use my code GOLD for a great deal: * Check out Plaud AI and use my code GOLD for a great deal: * Check out Quince and use my code quince.com/gold for a great deal: * Check out TruDiagnostic and use my code GOLD20 for a great deal: Privacy & Opt-Out:

You can listen to The Death Spiral Has Begun... Bitcoin, Tech, and Stretch All Cracking! online on Radio and Podcast. Open the player on this page to stream the available audio.

The Death Spiral Has Begun... Bitcoin, Tech, and Stretch All Cracking! is an episode from The Peter Schiff Show Podcast by Peter Schiff.

This episode is 53:06 long.

This episode was published on Jun 6, 2026.

Yes. Use the heart button on the episode page to add it to your favorite episodes list.

Yes. This page shows related episodes from The Peter Schiff Show Podcast when more episodes are available from the podcast feed.