The past week has been a rollercoaster ride in the world of cryptocurrencies. By Bitcoins scarcity debate Dogecoins resistance level, the crypto market was buzzing with activity.
Tethers The CEO slammed traditional rating agencies, while Trump’s crypto ties came under fire from Democrats in the House of Representatives. In the meantime, Peter Schiff warned about the viability of Bitcoin and Ethereum treasury companies.
Let’s dive into the details.
Bitcoin’s scarcity thesis defended
Willie Wooa cryptocurrency analyst, defended Bitcoin’s scarcity thesis, arguing that its price increase over the years is evidence of demand. Woo’s comments came in response to Matteo PellegriniCEO of the Bitcoin-focused social networking app Club Orangewho argued that Bitcoin is not scarce but finite. Woo claimed that scarcity is defined by a “limited supply relative to demand,” a condition that Bitcoin meets.
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Dogecoin’s ‘third wave’ impasse
Dogecoin experienced a pullback over the Thanksgiving holiday, in addition to a sharp drop in trading activity. The dog-themed memecoin is down more than 2% in the past 24 hours, with volume down 38% to $918 million. Ali Martinez, a widely followed cryptocurrency analyst and trader, identified $0.20 as the “key resistance” for the popular token, while $0.080 served as key support.
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See also: Peter Schiff: Bitcoin Crashing – This Chart Says ‘Not So Fast’
Tether CEO slams traditional rating agencies
Paolo Ardoinothe CEO of Tether, criticized the methodologies adopted by traditional rating agencies after the S&P downgraded the stability rating of the stablecoin issuer. Ardoino blasted S&P Global Ratings in a message, saying the company wears the “disgust” with pride. He criticized “classic rating models,” claiming they have led investors to pour money into companies that ultimately went bankrupt, despite being rated investment-grade.
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Trump’s crypto ties are under fire
House Democrats accused Trump Media & Technology Group Corp. of the White House into an engine for an $800 million crypto windfall by 2025, according to a new partisan report. The report claims that President Trump has doubled his net worth since launching his 2024 campaign by expanding a network of cryptocurrency-linked companies and token offerings. The Trump family reportedly generated $800 million from token sales in the first half of 2025 and now owns about $11 billion in digital assets and stocks.
Read the full article here.
Peter Schiff’s Warning on Bitcoin, Ethereum Treasury Companies
Peter Schiff warned that companies using Bitcoin or Ethereum as corporate treasury strategies are ultimately doomed. Speaking on Schwab Network, Schiff argued that Strategy The Bitcoin leveraged model is structurally flawed. He said the company is not generating meaningful revenue, posting losses and only surviving by issuing new debt or equity to buy more Bitcoin, an asset that produces no cash flow.
Read the full article here.
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Disclaimer: This content was produced in part using AI tools and was reviewed and published by Benzinga’s editorial staff.
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