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Bitcoin may crash below $80K after November midterms amid inflation and bond yield pressures, warns Peter Schiff.

Market News
15 Oct 2026
AMBCrypto
View Source
Bearish
Bitcoin may crash below $80K after November midterms amid inflation and bond yield pressures, warns Peter Schiff.

Peter Schiff, a longtime Bitcoin critic, predicts Bitcoin will crash below $80K following the November midterm elections due to rising inflation and bond yields impacting markets. He advises selling Bitcoin and buying gold, citing macroeconomic pressures and potential Democratic control of Congress as bearish factors. However, some traders remain optimistic, targeting $90K by year-end, and note that Bitcoin has historically rallied post-midterms. Regulatory impacts under a Democratic Congress are expected to stall but not stop crypto rulemaking, adding mixed short-term outlooks for Bitcoin.

Bitcoin's market cap on Pluang stands at Rp29.197,86 trillion as of Oct 15, 2026, 18:42 WIB, with a 24-hour trading volume of Rp750,14 trillion. The price is currently Rp1.449.436.403, down 2.94% in the last day, while Pluang users show a nearly balanced order activity of 49% sell and 51% buy. This trading pattern highlights mixed sentiment among investors ahead of the U.S. midterm elections mentioned in the news.

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