“If you own Bitcoin — sell it now while the price is still above $100,000. You may never get this chance again,” Schiff wrote in a post on X (Twitter), sparking a heated debate among investors.
His warning came as Bitcoin fell about 8% over the past week, now trading roughly 19% below its all-time high of $126,198. Despite a market cap just above $2 trillion, Schiff believes the market shows clear signs of overheating.
The veteran economist reaffirmed his long-held skepticism, arguing that Bitcoin’s current price is unsustainable and that a sharp correction could follow as more investors begin taking profits. He also pointed out that large early holders (“whales”) have already started cashing out, increasing downside pressure.
For more than 12 years, Schiff’s stance has remained unchanged: he loves gold — and hates Bitcoin.
Since his first warnings in 2014, the cryptocurrency has surged by several thousand percent — from around $750 to roughly $100,000 today.