Peter Schiff Warns Bitcoin Could Hit $75K After BTC Fell Below $80K

Peter Schiff sees $75K as bitcoin’s next likely stop after its drop below $80K. The warning follows his concerns about weakening technology stocks, extending his bearish outlook as cryptocurrency markets trade through the weekend. Bitcoin could test $75,000 after losing the $80,000 threshold, economist and longtime BTC critic Peter Schiff warned on X on Oct. 24. He singled out investors in exchange-traded funds (ETFs). His bitcoin price forecast followed an Oct. 22 post questioning how long the asset could withstand weakness in tech stocks. Saturday’s weekend price decline took the cryptocurrency to approximately $79,146 on Oct. 24, its lowest in more than a month and still above Schiff’s $75,000 mark.

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