Bitcoin could fall below $16.5K, Peter Schiff warns Strategy

Peter Schiff has warned that Bitcoin could revisit its 2022 low below $16,500 before the end of 2026 if selling accelerates after a break beneath $50,000, predicting severe consequences for Strategy. $50,000 is the level Schiff says could trigger a faster Bitcoin selloff toward its 2022 low. Strategy held 850,364 BTC as of Nov. 8, acquired at an average price of $75,456. The company reported a $4.77 billion reserve for preferred dividends and debt interest. Other analysts have identified the $68,000 area as a potential buying zone during the decline. Peter Schiff, the economist and longtime Bitcoin critic, made the prediction in a Nov. 14 X post, describing the cryptocurrency’s decline as a collapse gathering momentum. “The Bitcoin collapse is gathering steam.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to crypto.news.