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Peter Schiff warns Bitcoin could drop nearly 70% to $20,000 amid Strategy's risky share sales.

Market News
16 Jul 2026
Coinpaper
View Source
Bearish
pluang ai news

Gold advocate Peter Schiff criticized Bitcoin and Strategy co-founder Michael Saylor, warning that Bitcoin's price could fall to around $20,000, a nearly 70% drop from current levels. Schiff questioned Strategy's decision to raise capital by issuing shares instead of selling some of its large Bitcoin holdings, calling it an illogical dilution of shareholders. He believes Strategy is trapped by its Bitcoin position, as selling large amounts could crash the market, but continuing to hold exposes investors to significant risk. Schiff also noted that professional investors are increasingly scrutinizing corporate Bitcoin treasury strategies, especially when companies rely on debt or share issuance to finance purchases, raising concerns about sustainability during market downturns.

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