Prominent critic Peter Schiff warns that Bitcoin’s price could soon drop significantly, potentially falling as low as $75,000. This prediction comes after Bitcoin recently experienced a substantial decline, falling below the $109,000 mark, which represents a 13% drop from its recent high points. Schiff attributes this volatility to a lack of upward momentum and increased investor uncertainty about the cryptocurrency’s future. His bearish outlook contrasts with rising institutional interest, such as Strategy’s recent purchase of over 3,000 BTC to expand their holdings to 632,450 BTC. Despite these developments, Schiff believes that institutional buying alone cannot stabilize Bitcoin’s price and predicts a further decline to $75,000. This price level is seen as the next support point and would trigger widespread losses for investors who may need to sell at this time.