{"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

\n
Read More:<\/h5>\n \n
\n \n \n <\/span>\n <\/div>\n
\n

Investors Shift Focus from Memecoins to Fundamental Altcoins<\/h4>\n <\/div>\n <\/a>\n<\/div>\n<\/p>\n

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

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

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

Schiff Warns About Bitcoin, but BTCBULL Gains Traction<\/h3>\n

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 ($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

\"\"<\/a><\/p>\n

What makes the BTC Bull Token so special is its drive to spread Bitcoin ownership to everyday people.<\/p>\n

$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

Furthermore, the token is subject to a burn mechanism, which reduces its supply and increases its value.<\/p>\n

Buy BTCBULL Here<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

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":"","_lmt_disable":"","footnotes":""},"categories":[27],"tags":[72,78,424,271,243,224,108],"coin_category":[],"class_list":["post-153142","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bitcoin","tag-bitcoin","tag-btc-bull-token","tag-crypto","tag-ethereum","tag-federal-reserve","tag-gold","tag-price"],"acf":[],"yoast_head":"\nBitcoin 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\" 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