Bitcoin Finally Crashing, Schiff Says

Prominent Bitcoin critic and gold advocate Peter Schiff has stated that the world’s largest cryptocurrency is finally breaking down. Schiff’s gloating came after the price of the flagship coin plunged below the psychologically important $80,000 level. The economist believes that Bitcoin (BTC) could be heading toward $75,000, warning that a failure to defend this level could trigger even more substantial losses. “Bitcoin is finally breaking down. It’s hard to believe it’s held up this long,” Schiff wrote in a recent post on X. “Now that it’s below $80K, the next stop is likely $75K. If that level fails to hold today, it’s going to be a very long weekend for Bitcoiners, especially for ETF investors who can’t sell until Monday.” Schiff has stressed that Bitcoin exchange-traded funds (ETF) cannot exit…

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