Overview
- Schiff said on X that a break below $50,000 would likely precede a slide toward $20,000, an 84% drop from Bitcoin’s October 2025 peak.
- He urged investors to “sell Bitcoin now,” arguing prior drawdowns could be more severe in today’s larger, more leveraged market.
- Crypto traders are watching key technical levels during renewed volatility as spot ETFs, corporate treasuries, and institutions hold sizable positions.
- Critics on X pushed back, noting Schiff’s long history of bearish calls and defending Bitcoin’s long-term utility and liquidity.
- Coindoo highlighted recent stress points, including a reported $19 billion leveraged wipeout on Oct. 10, 2025 and about $3.5 billion in November 2025 fund redemptions, while gold’s strong 2025 rally sharpened the digital-gold debate.