Schiff made his forecast after the correction of bitcoin to the level of $ 109,000 from the maximum mark of $ 124,400, reached in August during the bull trend. Cryptoskptik economist fears that, despite the aggressive purchases of cryptocurrencies with large corporate investors, Bitcoin is still prone to strong volatility.
The economist is sure: the first cryptocurrency can collapse to the level that was observed in April 2025. Schiff suggested that this sharp fall in bitcoin could lead to huge losses for Strategy, regularly replenishing his investment portfolio with bitcoins and which became the largest public holder of the first cryptocurrency. This week, the company added another 3081 BTC to the balance and now at its disposal is 632 450 BTC.
“Bitcoin dropped below $ 109,000, which is 13% less from maximums reached less than two weeks ago. It is possible to fall Bitcoin to about $ 75,000. Sell assets now and redeem them at a lower price, ”Chiff wrote on the social network Kh.
Recently, the Golden Beetle stated that the best time for buying bitcoin will come when Strategy and other corporations will begin to get rid of their crypto assets. According to Schiff, investors should buy bitcoin not on the recommendation of the head of Strategy Michael Saylor (Michael Saylor), and when the companies that produce bind bonds will go bankrupt.
Previously, Schiff criticized the American authorities for the development of laws on the regulation of cryptocurrencies, since digital assets, in his opinion, are financial pyramids.
Source: Bits
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