As if the markets weren’t chaotic enough, Peter Schiff-yes, the ever-joyful advocate for gold-has now decided to add a dash of doom. Bitcoin and Ethereum are sliding faster than a misstep on an icy sidewalk, and Schiff warns that Bitcoin might just take a nosedive all the way down to $75,000. Who needs suspense when you’ve got such charming bearishness? 😂
Peter Schiff’s Crystal Ball Shatters: Bitcoin Could Plunge to $75K-Stop the Presses!
Economist, gold enthusiast, and part-time prophet of disaster, Schiff has been waving his gold-flag high while crypto crumbles beneath it. He tweeted on Oct. 11 that Bitcoin had fallen below $110,000 and Ether slipped under $3,700-because, apparently, the market likes to keep things exciting with a bit of chaos. Schiff is convinced that these “crypto carnages” signal more pain ahead.
His favorite prediction? If Ether dips below $3,350, it might plummet to a-not-so-humble-$1,500, which is nearly 70% beneath its all-time high. And what does that mean for Bitcoin? Well, folks, it could sink to around $75K, wiping out all the paper gains of MSTR (so much for the paper wealth, right?).
On Oct. 10, he boldly declared: “As bad as Bitcoin looks, Ethereum looks even worse… Time to jump ship!” Truly, the cheerleader for gold is here to tell us, “Run for the hills!” 🏃♂️💨
Later that same day, Schiff doubled down, assuring us that Bitcoin was crashing and still had a long, furious tumble ahead. Meanwhile, gold remains the star of the show-closing above $4,000, and silver, that humble sidekick, jumping over 4% to surpass $50. Who needs digital when you have shiny metals? ✨
Despite all this gloom, crypto fans say, “Relax, it’s just a correction! Markets do this sometimes.” They argue that the long-term story is still being written-blockchains are growing, institutions are jumping in, and the whole global financial scene is just showing a little turbulence.
So, while Schiff might be busy shopping for more gold bars, the rest of us can sit back, watch the rollercoaster, and maybe, just maybe, enjoy the chaos. 🎢😅
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2025-10-13 04:27