{"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":"<p>Economist Peter Schiff <strong><a href=\"https:\/\/x.com\/PeterSchiff\/status\/1901253662178939352\">warns<\/a> <\/strong>that if the Nasdaq suffers a major downturn, <strong><a href=\"https:\/\/cryptodnes.bg\/en\/cryptocurrency\/bitcoin\/\">Bitcoin<\/a> <\/strong>could plunge to $20,000.<\/p>\n<p>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<p>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<style>\n    .dark-mode .read-more {background-color: #343a40 !important;}\n<\/style>\n<div class=\"read-more pb-3 pt-3 pt-md-2 px-3 my-4 border bg-light\">\n    <h5 class=\"text-uppercase border-bottom mb-3 pb-1 d-none d-md-block\">READ MORE:<\/h5>\n    <a class=\"article row\" href=\"https:\/\/cryptodnes.bg\/en\/investors-shift-focus-from-memecoins-to-fundamental-altcoins\/\" title=\"Investors Shift Focus from Memecoins to Fundamental Altcoins\">\n        <div class=\"contentRight col-4\">\n            <span class=\"imgContainer mt-0\">\n                <img decoding=\"async\" class=\"image img-defer\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2024\/10\/datainfomonitor-240x170.webp\">\n            <\/span>\n        <\/div>\n        <div class=\"contentLeft col-8\">\n            <h4 class=\"title mb-0\">Investors Shift Focus from Memecoins to Fundamental Altcoins<\/h4>           \n            \n        <\/div>        \n    <\/a>\n<\/div>\n<p>While Bitcoin struggles, gold has been on the rise, climbing 13% since the Nasdaq\u2019s peak in December. Schiff suggests that if stocks continue to tumble, gold could surge past $3,800, especially if the U.S. dollar weakens. This widening gap between gold and Bitcoin challenges the idea of Bitcoin as a \u201cdigital gold,\u201d potentially discouraging institutional investors and governments from holding it as a reserve asset.<\/p>\n<p>Schiff also warns that heavy selling pressure could put Bitcoin-backed companies in a tough spot. If prices collapse, firms like MicroStrategy might struggle to liquidate their holdings fast enough to avoid financial distress.<\/p>\n<p>Despite market uncertainty, Bitcoin has remained relatively stable over the weekend, trading at $83,742, down 0.66%. However, daily trading volume has jumped by 79% to over $23.21 billion, indicating increased activity as traders prepare for the Federal Reserve\u2019s next move.<\/p>\n<h3>Schiff Warns About Bitcoin, but BTCBULL Gains Traction<\/h3>\n<p>While Peter Schiff made this catastrophic price prediction, the crypto sector saw a new token emerge that could change the crypto game. BTC Bull Token (<strong><a href=\"https:\/\/cryptodnesbg.care\/b_btcbull-en_167?referrer=bitcoin-could-plunge-over-75-warns-economist-peter-schiff\">$BTCBULL<\/a><\/strong>) is a new meme token that brings together two of the strongest ecosystems in the crypto world: Bitcoin and Ethereum.<\/p>\n<p><a href=\"https:\/\/cryptodnes.bg\/en\/investors-shift-focus-from-memecoins-to-fundamental-altcoins\/cryptodnes-en-btc-bull-4\/\" rel=\"attachment wp-att-153166\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-153166\" src=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-3.png\" alt=\"\" width=\"1200\" height=\"500\" srcset=\"https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-3.png 1200w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-3-300x125.png 300w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-3-1024x427.png 1024w, https:\/\/cryptodnes.bg\/en\/wp-content\/uploads\/sites\/2\/2025\/03\/Cryptodnes-EN-BTC-BULL-3-768x320.png 768w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/a><\/p>\n<p>What makes the BTC Bull Token so special is its drive to spread Bitcoin ownership to everyday people.<\/p>\n<p>$BTCBULL is a decentralized token that combines the power of meme culture with real Bitcoin rewards. Every time Bitcoin reaches a price milestone, holders of $BTCBULL receive BTC airdrops.<\/p>\n<p>Furthermore, the token is subject to a burn mechanism, which reduces its supply and increases its value.<\/p>\n<p style=\"text-align: center;\"><strong><a href=\"https:\/\/cryptodnesbg.care\/b_btcbull-en_167?referrer=bitcoin-could-plunge-over-75-warns-economist-peter-schiff\">Buy BTCBULL Here<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bitcoin is struggling to break past $84,000, and with the U.S. stock market facing a sharp correction, bearish predictions are mounting.<\/p>\n","protected":false},"author":3,"featured_media":145569,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_lmt_disableupdate":"no","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[],"class_list":["post-153142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v24.4 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Bitcoin Could Plunge Over 75%, Warns Economist Peter Schiff<\/title>\n<meta name=\"description\" content=\"Bitcoin is struggling to break past $84,000, and with the U.S. stock market facing a sharp correction, bearish predictions are mounting.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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