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Bitcoin rebounds from 2026 low but Peter Schiff warns price could still crash to zero

Market News
07 Jun 2026
Bitcoin
View Source
Bearish
pluang ai news

Bitcoin has recovered slightly above $61,000 after hitting a 2026 low near $59,750, but gold advocate Peter Schiff warns that the cryptocurrency could face a "Crypto Black Monday" and fall much further, possibly to zero. Schiff's recent poll showed 59% of respondents believe Bitcoin must hit zero before conceding his bearish stance. Despite the pessimism, some bullish investors point to technical indicators and models suggesting Bitcoin could rise to $165,000 or more. The key level to watch is whether Bitcoin holds above its 2026 low; a break below could trigger more selling and financial strain for some holders. The coming weeks will reveal if this downturn is a prolonged bear market or a buying opportunity for long-term investors.

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