Peter Schiff Predicts Bitcoin Could Drop Below $20,000

March 17, 2025

Peter Schiff has critiqued Bitcoin’s performance, stating that it might dip below $20,000 if market conditions persist.

The event highlights shifting investor confidence, impacting Bitcoin’s trajectory and spotlighting safer assets like gold amid market volatility.

Peter Schiff Predicts Bitcoin Could Drop Below $20,000

Schiff Links Bitcoin Decline to NASDAQ’s 40% Tumble

Peter Schiff, known for his critical stance on Bitcoin, has recently highlighted its 15% drop. His prediction suggests that further market downturns could push Bitcoin below $20,000, correlating with NASDAQ trends.

“The NASDAQ is down 12%. If this correction turns out to be a bear market… that would put Bitcoin at about $20k.” — Peter Schiff, CEO, Euro Pacific Capital

The CEO of Euro Pacific Capital, Schiff has historically been bearish on Bitcoin, emphasizing its volatility and uncertainties. Recently, he has praised gold’s performance as markets undergo shifts.

Peter Schiff Predicts Bitcoin Could Drop Below $20,000

Gold Surges 25%, Draws Investors Amid Bitcoin Volatility

Bitcoin is currently trading around $83,484, highlighting significant volatility. Meanwhile, assets like gold have gained 25% in value, drawing investor attention amid ongoing market adjustments.

Financial experts, including Michael Saylor and Raoul Pal, have rebutted Schiff’s claims, arguing that Bitcoin’s long-term prospects remain strong despite short-term market corrections.

Historical Patterns Suggest Bitcoin Could Mirror Dot-Com Crash

Similar events have occurred during major NASDAQ bear markets, such as the 2000-2002 dot-com crash. Historical trends suggest that Bitcoin might follow analogous downward trajectories.

Experts like Saylor contend that Bitcoin’s digital economy role ensures future outperformance over traditional assets, despite expected short-term volatility based on historical data. “Bitcoin is digital energy. It will continue to outperform gold, real estate, and equities… Short-term correlations with legacy assets are meaningless.”

For more information on Peter Schiff’s prediction, you can explore the article on news.bitcoin.com.

Raoul Pal’s perspective is available here.

Thane Morrison

Thane Morrison is a diligent crypto news author and keen blockchain and digital finance enthusiast. He writes insightfully correct engaging content on Bitcoin, altcoins, DeFi, and NFTs to help readers understand how this relentless, changing world works. Simplification and empowerment are what he really stands for and enables readers to keep their heads in the game when making vital decisions in such a demanding space.