Peter Schiff extends his earlier Bitcoin calls
Schiff’s latest post gives a more specific downside marker than his earlier warnings. On Feb. 19, @PeterSchiff said a break below $50,000 would make a test of $20,000 “highly likely.” On June 2, he said the same break should be followed by a quick fall below $20,000.
The November call retains that $50,000 condition while explicitly naming a level below $16,500 and a timeframe before year-end. His June wording already allowed for prices below $20,000, so it should not be read as having established a precise floor there.
The $50,000 area also appeared in prior CryptoSlate reporting on Bitcoin’s risks. CryptoSlate’s July 1 analysis discussed a possible retest of $50,000-$55,000 amid ETF, policy and Strategy risks. That historical scenario is separate from Schiff’s new year-end call.
In a later Saturday post, @PeterSchiff argued that prospective buyers were already invested and that artificial intelligence had diverted attention from Bitcoin. He also alleged rising hacking risk and said the Trump-driven rally was over. Those were his explanations for expecting further weakness.
Peter Schiff attached a warning about Bitcoin-holding company Strategy to the forecast, saying a year-end retest would mean “curtains for $MSTR.” MSTR is Strategy’s listed common stock.
Strategy’s Nov. 9 filing reported holdings of 850,364 BTC as of Nov. 8, acquired for about $64 billion at an average cost of $75,456 per bitcoin, including fees and expenses. A lower Bitcoin price would reduce the market value of those holdings.
The filing also reported about $5 billion in its USD Reserve for preferred-stock dividends and debt interest, plus $146 million in USD Cash for broader treasury purposes. Those balances do not establish that a fall to Schiff’s target would force Strategy to sell Bitcoin or close.
Schiff’s criticism of Strategy predates Saturday’s post. CryptoSlate reported in March on his objections to its preferred-stock funding model.
In his 13:30 GMT post, @PeterSchiff also warned about Ethereum. He said a break of an uptrend around $1,600 could bring the next support level at what he described as the 2022 low just below $1,000.
Ethereum traded at $1,851 at 15:03 GMT, according to CryptoSlate data, down 4.95% over 24 hours. It was 62.64% below its Aug. 24, 2025 all-time high of $4,954, but remained above the $1,600 level Schiff identified. The year-end timeframe appeared in his Bitcoin post; his Ethereum post described chart levels without assigning that same timeframe.
The immediate price test in Schiff’s argument is still $50,000 for Bitcoin. In the afternoon CryptoSlate observations, both Bitcoin and Ethereum remained above the respective trigger levels he cited.
cryptoslate.com
