Longtime Bitcoin critic Peter Schiff has renewed his bearish stance on the cryptocurrency, predicting a roughly 70% crash and urging holders to sell rather than wait out the decline. The Peter Schiff Bitcoin crash prediction landed through his personal account on X, where he regularly argues against holding the asset.
Longtime Bitcoin critic Peter Schiff has renewed his bearish stance on the cryptocurrency, predicting a roughly 70% crash and urging holders to sell rather than wait out the decline. The Peter Schiff Bitcoin crash prediction landed through his personal account on X, where he regularly argues against holding the asset.
Schiff laid out the warning in a post on his verified account, framing a fall of around 70% as the downside he sees ahead for Bitcoin and advising holders to exit their positions, according to his statement on X. The remarks were also picked up in reporting on the 70% prediction.
The core of the message is straightforward: Schiff sees Bitcoin falling sharply and is telling holders to sell rather than ride the position lower. He presented the roughly 70% figure as the scale of the drop he expects. For related coverage, see XRP ETF Flows Hit $120M, Binance Users Add 181B SHIB, Schiff on Bitcoin.
This is a call about Bitcoin specifically, not a broad basket of crypto assets. Schiff has centered his commentary on Bitcoin for years, and this latest post continues that pattern rather than breaking new analytical ground. For related coverage, see Bitcoin steadies as SEC filing shows 1,360 BTC MSTR buy.
Schiff’s public position has consistently rested on the argument that Bitcoin lacks intrinsic value and behaves more like a speculative trade than a store of wealth, a theme that runs through his commentary picked up in a recent morning crypto report covering his Bitcoin views. The 70% figure represents his estimate of how far that speculative premium could unwind. For related coverage, see Las Vegas Businesses Accept Bitcoin, Reducing Payment Fees.
The prediction is an opinion, not a confirmed market outcome. The research available for this story does not contain a detailed macro model behind the number, so the 70% figure should be read as Schiff’s personal downside estimate rather than a forecast supported by disclosed data.
Schiff has paired his Bitcoin skepticism with bullish calls on precious metals, including his forecast for a silver rally in 2026. That contrast, hard assets over digital ones, is the backbone of his argument for why he believes Bitcoin holders are exposed.
A public sell recommendation from one of Bitcoin’s best-known critics tends to draw attention precisely because Schiff’s skepticism is so well established. His warnings function more as a recurring bear-case talking point than as new information about the market.
Bearish commentary of this kind can feed short-term sentiment and debate, but it stands in contrast to the conviction of long-term holders who have absorbed similar warnings before. Some analysts have separately flagged downside risk, including one who warned of a slide toward the $40,000 zone, though those calls are distinct from Schiff’s.
For holders, the practical takeaway is that Schiff’s post is a prominent voice in an ongoing argument, not a confirmed catalyst. Anyone weighing his view against the broader market should treat the 70% call as one bearish opinion among many competing signals.
Additional source references: source document 1.
Disclaimer: This article is for informational purposes only and does not constitute financial or investment advice. Cryptocurrency and digital asset markets carry significant risk. Always do your own research before making decisions.
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