Well-known Bitcoin critic Peter Schiff has once again painted a gloomy picture of the future of the premier digital asset, stating that its free fall will continue and will only receive initial support around the $10k valuation. The digital currency is still currently priced at $67k, and a move to $10k will wipe out more than 85% of its value and spell doom for the associated industry.
Schiff tweeted:
Image Source: XSchiff, in his usual reductive style, presented this price scenario without any technical explanation or financial angle. For him, Bitcoin is a digital distraction from his gold maximalist agenda. The gold proponent has also taken a lot of flak from crypto users over the years, and it could simply be another case of rage baiting.
Schiff Continues Twitter Rant
This is not the first time in the last few days that Schiff has taken to X (formerly Twitter) to convince crypto holders to jump ship. He has been directing his guns at Michael Saylor and Strategy in recent weeks, mocking the company for hoarding BTC in such perilous times.
He earlier tweeted:
He also criticized recent TV segments, especially from CNBC, regarding a buying opportunity for Bitcoin when it slipped below $70k:
Image Source: XAll of these tweets were sent out within the last 24 hours and represent a tiny fraction of the anti-Bitcoin propaganda Schiff has been promoting during the last month or so. He previously predicted the end of Bitcoin when it dropped to $60k and slammed the state-level Bitcoin Strategic Reserve (BSR) strategy adopted by countries like El Salvador.
He has also gone to great lengths to compare the digital currency’s poor performance in 2025, especially against Gold, noting that it is at a 5-year low and trending perilously downward. He also called it the biggest financial mania in history and said nothing could redeem it.
Bitcoin Corrects, Schiff Criticizes
Schiff’s criticisms of the digital currency revolution are well-documented and occur year-round. He has been doing it since 2013, when BTC was below $500, and has reportedly called the digital asset’s time of death more than 20 times. In 2019, he claimed BTC would never hit $50k, and in 2017, he said it was headed to zero, even though it hit $20,000 for the first time that same year.
However, lately he has developed a habit of popping up in the picture and predicting imminent doom whenever the crypto market registers a major slip.
Source: https://zycrypto.com/peter-schiff-predicts-bitcoin-will-crash-85-to-10k-his-21st-time-of-death-call-since-2013/
