Peter Schiff Warns of Possible 1987-Style Crash Due to Trump’s Tariffs
Economist and outspoken crypto critic Peter Schiff has raised alarm over the current market conditions, suggesting the situation could spiral into a crash akin to the infamous 1987 Black Monday.
In a series of recent posts on X, Schiff voiced concerns about the ongoing turmoil in the bond market and its potential to trigger a severe financial crisis.
Tariffs Could Spark Financial Crisis Worse Than 2008, Schiff Warns
Schiff, known for his pessimistic views on the U.S. economy and his strong support for gold, believes that without urgent intervention, including an emergency interest rate cut and a substantial quantitative easing (QE) program, the situation could lead to a market collapse.
He argued that the market turmoil caused by Trump’s tariffs could spiral into a crisis even worse than the 2008 financial crash.
The economist specifically pointed out the collapse in the U.S. treasury market, which he believes signals that Trump’s strategy to lower interest rates by inducing a recession has backfired. According to Schiff, the continuation of these tariffs without any relief could spark an even worse financial crisis, deeply affecting the U.S. economy.
Kosta has reported on cryptocurrency markets and blockchain infrastructure since 2020, bringing over six years of hands-on experience in the crypto industry built through daily tracking of markets, trends, and emerging blockchain developments. Specializing in Bitcoin on-chain analysis, institutional ETF flows, and digital asset price action, his work at Coindoo has been cited by other news agencies and consistently covers market developments with a focus on data-driven reporting across Bitcoin, Ethereum, Solana, and XRP. Over the years, Kosta has contributed to multiple crypto media outlets in different regions, authoring over 6,000 articles across the sector. His reporting spans cryptocurrency markets and the broader fintech industry, tracking not only price action but also the technological and regulatory forces shaping the ecosystem. To support his analysis, Kosta actively leverages on-chain data and metrics from leading platforms such as Santiment, Glassnode, and CryptoQuant, enabling deeper, evidence-based market insights. He believes in the power of transparency and the data that underpins the blockchain ecosystem. His academic background in Marketing Management from Denmark further complements his analytical approach, adding a strong understanding of communication strategy and content positioning to his work.
