Economist and long-time Bitcoin critic Peter Schiff warns that Bitcoin could drop to $75,000, a price point below the average cost of MicroStrategy’s holdings. Schiff suggests that the current weakness in the market should be a cause for concern for investors.
Peter Schiff, an economist and a steadfast critic of Bitcoin, has forecasted that the price of BTC will decline to a minimum of $75,000, which is lower than the average cost of the Saylor-led Strategy.
He encourages Bitcoin holders to “sell now and buy back later.” In a thread on X, he stated that “selling now and buying back lower” is preferable to “just riding it all the way down.”
“This weakness should be cause for concern, given the amount of hype and corporate purchasing,” he wrote.
In the past 24 hours, Bitcoin has experienced a 3.12% decline to $109,828, a decrease from the broader crypto market. The largest cryptocurrency has experienced a 13% decline from its recent peak, less than two weeks ago.
Bitcoin Could Fall Below MSTR’s Average Cost
The token has been in the possession of Michael Saylor’s Strategy (formerly MicroStrategy), the largest Bitcoin treasury firm, since 2020. On Monday, the organization acquired 3,081 Bitcoin (BTC) for $356.9 million, an average cost of $115,829 per unit.
According to Bitcoin Treasuries data, the strategy currently possesses a total of 632,457 BTC, which is valued at $69.58 billion.
As per Peter Schiff’s forecast, Bitcoin would soon experience a decline to as low as $75,000, a threshold BTC achieved in April 2025.
“A minimum decline to approximately $75K is possible, just below the average cost of $MSTR.”
Bitcoin is Falling Down – Is $75K Plunge Possible?
Schiff’s prediction is remote, as other variables are gradually driving up the price of Bitcoin, despite its recent decline.
A significant whale dump that triggered significant liquidations is the cause of the most recent flash collapse. A whale sold 24,000 BTC in a series of transactions, which was detrimental to Ether, which had recently reached an all-time high.
Additionally, the Jackson Hole speech delivered by Federal Reserve Chair Powell underscored the risks associated with the labor market, which initially stimulated a 4% increase in Bitcoin. Nevertheless, the previous progress was reversed by the diminishing momentum.
In the interim, Metaplanet’s recent acquisition of 103 BTC indicates the ongoing institutional accumulation. Additionally, on August 14, Bitcoin ETFs listed in the United States experienced substantial inflows of $231 million.
The trajectory of Bitcoin is contingent upon the alignment of macro liquidity with technological innovation and the outpacing of monster selloffs by ETF inflows.