- Economist and long-time Bitcoin critic Peter Schiff predicts that Bitcoin will fall to $75,000. According to Schiff, the current weakness, despite institutional buying and market hype, is a serious warning signal.
- He emphasized that a decline to at least $75,000 would push the price below the average purchase price of MicroStrategy’s most recent Bitcoin investment. The company, now operating under the name Strategy, bought 3,081 BTC at an average price of $115,829 and now holds more than 632,000 BTC. His advice: “Sell now and buy back later for less.”
Bitcoin has fallen about 1 percent in the past 24 hours and is currently trading around $110,000, roughly 10 percent below the high from two weeks ago. The overall crypto market is also under pressure. More on this here: Crypto Market Under Pressure: Bitcoin Corrects, Ethereum Drops.
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
Peter Schiff is a U.S. economist, asset manager, and well-known gold supporter who has been one of the sharpest critics of Bitcoin for years. While he regularly calls cryptocurrencies a speculative bubble, he points to gold as the only reliable store of value.