{"id":153142,"date":"2025-03-17T12:07:31","date_gmt":"2025-03-17T10:07:31","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=153142"},"modified":"2025-03-17T15:02:47","modified_gmt":"2025-03-17T13:02:47","slug":"bitcoin-could-plunge-over-75-warns-economist-peter-schiff","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/bitcoin-could-plunge-over-75-warns-economist-peter-schiff\/","title":{"rendered":"Bitcoin Could Plunge Over 75%, Warns Economist Peter Schiff"},"content":{"rendered":"

Economist Peter Schiff warns<\/a> <\/strong>that if the Nasdaq suffers a major downturn, Bitcoin<\/a> <\/strong>could plunge to $20,000.<\/p>\n

Schiff points to Bitcoin\u2019s history of moving in sync with the Nasdaq, which has already dropped 12%. If the index falls further\u2014potentially slipping into bear market territory\u2014a steeper Bitcoin decline could follow. Based on past trends, a 20% Nasdaq drop might send Bitcoin toward $55,000, while a more dramatic downturn could push it even lower.<\/p>\n

Highlighting previous market crashes, Schiff recalled the Nasdaq\u2019s 80% collapse during the dot-com bust, its 55% decline in 2008, and the 30% dip in 2020. If the index experiences a 40% drop, he believes Bitcoin could spiral to $20,000, triggering an even deeper sell-off. Bloomberg\u2019s Mike McGlone shares a similarly bearish outlook, predicting Bitcoin could dip to $10,000.<\/p>\n