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Peter Schiff says Bitcoin slide reflects a collapsing bubble and urges gold

NewsFeeds update

Peter Schiff, CEO of Euro Pacific Capital, said on X that Bitcoin's decline reflects a collapsing bubble and urged investors to buy gold instead. He estimated the average entry price for US spot Bitcoin ETF investors at about $77,000, implying an 11% loss at $68,500.

BitcoinCoinNessAIBearish

Read the original on CoinNess

The story so far: Peter Schiff Bitcoin price calls

Peter Schiff said Bitcoin's fall below $80,000 made $75,000 the likely next target, then called the decline a collapsing bubble and urged investors to buy gold. He now says the crash is accelerating and a drop below $50,000 could send Bitcoin toward its 2022 low under $16,500, which he said would leave MSTR…

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  1. Peter Schiff says Bitcoin's next support may be $75,000 as ETF holders wait for Monday

  2. Peter Schiff says Bitcoin holders should sell as price falls below $75,000

  3. Peter Schiff says Bitcoin could post first back-to-back annual loss

  4. Peter Schiff says Bitcoin slide reflects a collapsing bubble and urges gold

  5. Peter Schiff says Bitcoin crash is accelerating and predicts slide below $16,500

More Bitcoin updates

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  2. Peter Schiff says Bitcoin crash is accelerating and predicts slide below $16,500

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Every Bitcoin update on NewsFeeds

Every update is a short rewrite, by AI in our own words, of a flash from the outlet named on it, credited and linked. Updates are joined into one story by AI; our editors can change a story’s name or take an update out. Not investment advice.