Bitcoin (BTC) is in danger of plummeting 92% according to Peter Schiff, here’s his prediction!

Jakarta, Pintu News – Bitcoin (BTC) is back in the spotlight after a price surge above $72,000, but amidst the euphoria comes a stern warning from senior economist Peter Schiff. He warned that the risk of a Bitcoin (BTC) price drop is huge, even predicting a potential drop of up to 92% in the next few years.

This prediction sparked a heated debate among investors and crypto market watchers. What exactly are the risks facing Bitcoin (BTC) and what are the factors influencing current market sentiment?

Threat of Drastic Decline: Bitcoin (BTC) Scenario Toward $10,000

Peter Schiff, known as a sharp critic of cryptocurrencies, revealed a scenario where the price of Bitcoin (BTC) could plummet to as low as $10,000 by the end of 2026. This drop would mean that Bitcoin (BTC) would lose around 92% of its value from its recent highs above $70,000.

According to Schiff, while Bitcoin (BTC) remains one of the best-performing assets in the past decade, the majority of its holders will suffer huge losses if this prediction materializes. He emphasizes that the downside risks far outweigh the upside potential at current price levels.

Schiff also highlighted that the sharp drop will test the faith of long-term investors, otherwise known as HODLers. If Bitcoin (BTC) does fall to $10,000, the long-term profit narrative it has been relying on will falter.

He believes that most Bitcoin (BTC) holders will suffer significant losses, although there are some who are still trying to pump up positive sentiment. Schiff thinks that Bitcoin’s position as a long-term store of value is questionable if this scenario occurs.

Also read: Bitcoin (BTC) Breaks $71,500, Trump’s Surprise Effect on Iran?

Geopolitical Tensions and Crypto Market Response

The previous decline in Bitcoin (BTC) price was due to rising geopolitical tensions in the Middle East, specifically related to Iran and the potential for military escalation in the Strait of Hormuz. This situation pushed up oil prices and made global stock markets more volatile. Schiff believes that global financial markets, including crypto markets, have not fully priced in the worst risks of the conflict.

He argues that if an escalation does occur, the stock market will fall further and oil prices will spike even higher. According to Schiff, geopolitical uncertainty adds a new layer of risk to Bitcoin (BTC) and other crypto assets. He highlighted that investors currently tend to overlook the potentially huge impact that geopolitical conflicts can have on financial markets.

Schiff also criticized the narrative that Bitcoin (BTC) is a hedge asset amid global uncertainty, as according to him, historical data has not supported the claim. He emphasized that the volatility of Bitcoin (BTC) could actually exacerbate losses amid the uncertain global situation.

Michael Saylor’s Strategy and Comparison with Traditional Assets

On the other hand, Michael Saylor through his company continues to accumulate Bitcoin (BTC) even though the price is under pressure. Recently, his company bought 4,871 BTC at an average price of $67,718, spending around $330 million.

The company’s total Bitcoin (BTC) holdings now stand at 766,970 BTC with an acquisition value of around $58 billion. This aggressive move shows a strong belief in the future of Bitcoin (BTC), although many, including Schiff, consider this strategy very risky in the event of a sharp correction. Schiff highlighted that a massive buying strategy like Saylor’s relies heavily on maintaining a bullish narrative.

In the event of a significant price drop, investor confidence in the company and Bitcoin (BTC) could be shaken. He also compared Bitcoin’s performance in the past five years with major stock indices such as the Nasdaq and S&P 500, as well as gold and silver. According to him, Bitcoin (BTC) is losing ground to these traditional assets, which makes him question Bitcoin (BTC)’s role as a long-term store of value.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities are subject to high risk and volatility, always do your own research and use cold hard cash before investing. All activities of buying and selling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Coin Edition. Bitcoin Faces 92% Downside Risk, Says Peter Schiff. Accessed on April 10, 2026
• Featured Image: Generated by AI