Peter Schiff Forecasts Bitcoin & Ethereum Drop to $75K, $1,500

Economist and gold advocate Peter Schiff predicts a potential decline of Bitcoin (BTC) to $75,000 and Ethereum (ETH) to $1,500. His warnings come as market volatility has impacted both cryptocurrencies despite blockchain technology’s long-term promise. Schiff emphasizes that recent losses in the cryptocurrency market, along with a substantial $19 billion liquidation event, indicate vulnerability for Bitcoin and Ethereum.