Bitcoin: Sell It Now Amidst Market Decline

Sunday, Nov 9, 2025 4:06 am ET1min read

Peter Schiff advises Bitcoin holders to sell their coins while the price is above $100,000, calling it an "incredible" opportunity. Bloomberg's Mike McGlone predicts that Bitcoin's stay above $100,000 won't last long. Kynikos Associates founder Jim Chanos has unwound his short-on-Strategy/long-Bitcoin trade, citing the breakdown of the Bloomberg Galaxy Crypto Index. Some see this as a bullish reversal, but Schiff remains bearish on Bitcoin.