Economist and gold advocate Peter Schiff predicts bitcoin will crash below $20,000, an over 80% drop from recent highs, as the cryptocurrency recently slipped under $66,000. Schiff argues that bitcoin's growth is speculative and that increased leverage and institutional ownership make the market more vulnerable to a sharp decline. He contrasts bitcoin with gold, which he sees as a safer store of value amid inflation and a weakening dollar. While Schiff has made similar bearish calls over 20 times before, this warning highlights ongoing concerns about bitcoin's stability and the risks posed by corporate bitcoin holdings and leveraged traders.
Prediction market traders increasingly expect bitcoin's price to drop further in 2026, with a 66% chance it falls below $55,000 and a 50% chance it dips under $50,000 before year-end. This bearish outlook is driven by heavy outflows from U.S. bitcoin...
Bitcoin has weakened recently due to capital rotating into a narrow group of U.S. equities, especially in AI, semiconductors, defense, and energy sectors. The Cboe Dispersion Index hit 42, indicating extreme concentration in equity flows, which reduc...
Bitcoin's fear index, BVIV, surged nearly 20% on June 2, marking its largest single-day increase since February 5. This spike reflects a return of market fear following two months of steady sentiment, triggered by Bitcoin's price dropping over 6% to ...
Peter Schiff, a long-time Bitcoin skeptic, predicted that Bitcoin would fall below $50,000 and then quickly drop under $20,000, shaking long-term holders' confidence. This forecast came as Bitcoin traded around $66,670 after a recent correction and c...
Nearly $1.84 billion in leveraged crypto positions were liquidated within 24 hours as Bitcoin fell below $66,000 and Ether dropped under $1,900, marking the largest single-day wipeout since early February. Long positions, especially on Bitcoin, Ether...
