Peter Schiff, a Bitcoin critic, has predicted that the cryptocurrency could crash to $75,000. Schiff believes that Bitcoin has lost momentum and will experience further volatility. He advises investors to sell their holdings and buy back when Bitcoin reaches a floor of $75,000. The current Bitcoin price is $110,313.15, with a 1.04% decline in the last 24 hours. Trading volume remains up by 11.65% at $86.46 billion.
Bitcoin (BTC) has faced a significant decline in recent days, with the cryptocurrency dipping below $109,000 on August 26, 2025. Peter Schiff, a prominent Bitcoin critic, has weighed in on the market's recent volatility, predicting a potential crash to $75,000. Schiff's bearish outlook comes as Bitcoin has shown signs of losing momentum and experiencing increased volatility.
Schiff's prediction was made after BTC dipped below $109,000, marking a 13% decline from its highs just two weeks prior. He argued that the asset's performance calls for concern despite the hype surrounding aggressive institutional purchases. For instance, Strategy, a business intelligence firm, added 3,081 BTC to its portfolio this week, bringing its total holdings to 632,450 BTC [1].
Schiff believes that Bitcoin's recent decline is a sign of further volatility and weak performance. He advised investors to sell their holdings and buy back when Bitcoin reaches a floor of $75,000. As of press time, the Bitcoin price was changing hands at $110,313.15, representing a 1.04% decline in the last 24 hours. Trading volume remains up by 11.65% at $86.46 billion [1].
Additionally, Schiff mocked Michael Saylor, CEO of MicroStrategy, for his bullish tweet about Bitcoin being "on sale." Schiff predicted that the software company's demise would be the best time to purchase Bitcoin. This comes as Strategy continues its aggressive accumulation strategy for Bitcoin, adding 430 BTC to its portfolio in recent weeks [2].
Analysts have also weighed in on the potential for Bitcoin to revisit the $75,000 zone. Altcoin Sherpa outlined three possible scenarios for September, including a choppy month, a potential rally, and a deeper macro-driven pullback. The most bearish outlook suggests Bitcoin could fall as low as $75,000, creating a cycle similar to the January–May 2025 downturn [3].
Bitcoin's recent weakness has also been reflected in institutional markets. Exchange-traded crypto funds saw nearly $1.5 billion in outflows, the largest since March 2025. This, combined with whale moves, has added pressure to the market [3].
In conclusion, Peter Schiff's prediction of a potential Bitcoin crash to $75,000 highlights the increased volatility and uncertainty in the cryptocurrency market. Investors should remain vigilant and consider Schiff's advice to sell and buy back at lower levels. However, it is essential to monitor market conditions and consult with financial professionals before making investment decisions.
References:
[1] https://u.today/peter-schiff-delivers-fatal-75000-bitcoin-price-prediction
[2] https://www.benzinga.com/markets/equities/25/08/47302548/peter-schiff-mocks-michael-saylors-bitcoin-call-gold-bug-predicts-mstr-demise-as-ceo-says-bitcoin-is-on-sale
[3] https://coinpedia.org/price-analysis/bitcoin-september-forecast-3-scenarios-traders-must-watch-after-109k-crash/
Comments
No comments yet