The Week in the Financial World Was Nothing Short of Eventful

From Bitcoin’s bullish run to political drama involving meme coins, there was no shortage of headlines. Here’s a quick recap of the top stories

The financial world had a busy week, filled with interesting stories that had everyone talking. From Peter Schiff’s Bitcoin prediction to the drama surrounding President Donald Trump and meme coins, there was no shortage of headlines.

Here are some of the top stories that you may have missed over the weekend.

* Noted economist and market commentator, Peter Schiff, made a bleak prediction about Bitcoin’s future. In a recent interview, Schiff expressed his belief that the next Bitcoin (BTC) pullback could result in significant unrealized losses for Michael Saylor’s Strategy Inc.. The company has been amassing billions in Bitcoin, funding these purchases with debt.

* Bitcoin climbed to a new peak of $105,000 for the first time since January following the announcement of a trade deal between the U.S. and China. On the other hand, Ethereum remained stable, while Dogecoin (CRYPTO: DOGE) experienced a slight downturn.

* Anthony Scaramucci, founder and CEO of SkyBridge Capital, stated that Bitcoin would be considered a full-fledged asset class, much like gold, once it reaches the price level of $500,000. Scaramucci made this prediction at CoinDesk’s Consensus 2025 conference.

* As Bitcoin treasury companies, like Michael Saylor’s Strategy Inc., continue to accumulate the flagship cryptocurrency, they might be heading for a fall in the long run, according to Brett Winton, the chief futurist at ARK Investment Management LLC (NYSE:ARK). During a recent interview, Winton highlighted the risks of these companies funding their Bitcoin purchases with debt.

* Senate Minority Leader, Sen. Chuck Schumer (D-N.Y.), expressed his annoyance on Friday at President Donald Trump’s decision to parole family members of Mexican cartel leaders into the United States, hinting at a connection to the Official Trump meme coin.