Peter Schiff: Bitcoin will crash below $75,000
- Economist and long-time Bitcoin critic Peter Schiff predicts a drop in the Bitcoin price to $75,000. According to Schiff, the current weakness, despite institutional buying and market hype, is a serious warning sign.
- Particularly explosive: A drop to at least $75,000 would be below the average purchase price of MicroStrategy's recent Bitcoin investment. MicroStrategy, now operating under the name Strategy, recently purchased 3,081 BTC at an average price of $115,829 and now holds a total of over 632,000 BTC. His advice: “Sell now and buy back later for less.”
Bitcoin just dropped below $109K, down 13% from its high less than two weeks ago. Given all the hype and corporate buying, this weakness should be cause for concern. At a minimum, a decline to about $75K is in play, just below $MSTR's average cost. Sell now and buy back lower.
— Peter Schiff (@PeterSchiff) August 26, 2025
- Bitcoin has fallen by around 1 percent in the past 24 hours and is currently trading at around $110,000. This is about 10 percent below its high of two weeks ago. The entire crypto market is currently under pressure. Read more here: Crypto market under pressure: Bitcoin corrects, Ethereum plunges.
- Peter Schiff is an American economist, asset manager, and well-known gold advocate who has been one of Bitcoin's harshest critics for years. While he regularly describes cryptocurrencies as a speculative bubble, he points to gold as the only reliable store of value. In an interview with BTC-ECHO, the economist claims: “Bitcoin will crash – and investors will lose.”
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Source:
- Peter Schiff-Post | X
