Peter Schiff Predicts Bitcoin Drop to $75,000 – What Does It Mean for the Market?

Economist Peter Schiff has issued a prediction that Bitcoin’s price could plummet to $75,000. His concerns stem from recent market volatility and large-scale selling by whales. Schiff believes these factors have contributed to a 13% drop in Bitcoin’s value, leading to growing uncertainty among investors. This prediction has sparked debate within the crypto community, particularly concerning institutional investors like MicroStrategy, which continues to accumulate Bitcoin despite this outlook.