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08/12/25 10:46 UTC-04

Bitcoin Will Fall to a Ridiculously Low Price — Peter Schiff

The economist suggested that in the coming years Bitcoin’s price will not collapse to zero, as it will be kept afloat by large companies purchasing the cryptocurrency. Retail investors will also prevent Bitcoin from sliding to zero, the crypto-skeptic believes.

Schiff predicts that Bitcoin’s exchange rate will continue to decline and that sooner or later the crypto asset will return to the $100 level. The economist thinks that in a hundred years the first cryptocurrency may completely lose its value. The “gold bug” called investing in Bitcoin a form of gambling, urging investors to allocate more capital to gold and other precious metals, considering the strong performance of these assets in 2025.

In October, Bitcoin reached an all-time high of $126,000, but soon fell below $90,000. Currently, Bitcoin has slightly recovered and is trading at around $92,000 with a market capitalization of $1.8 trillion. According to the president of Euro Pacific Capital, due to its high volatility Bitcoin cannot be considered a reliable store of value.

In November, Schiff advised investors and traders to sell their bitcoins as soon as possible while BTC remains above $100,000. Recently, the Euro Pacific Capital CEO explained Bitcoin’s decline by the fact that BTC lacks intrinsic value — unlike shares of technology companies.

See also: "BlackRock analysts have predicted growth in the crypto market amid the record U.S. debt."

#Bitcoin (BTC) #Forecast

Editor: Pereyidenko Ihor
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