Bitcoin (BTC) Decline Prediction by Peter Schiff: Will December Be Gloomy?

Jakarta, Pintu News – Bitcoin just closed November with a significant drop, and according to Peter Schiff’s prediction, this downward trend will continue into December. Schiff, known as a Bitcoin critic and gold advocate, predicts that gold and silver will continue to rise, in contrast to Bitcoin which seems to be facing more challenges.

Peter Schiff’s Prediction: December is Gloomy for Bitcoin

Peter Schiff, a well-known economist and gold advocate, recently predicted through a post on X that Bitcoin will continue to decline in December. Schiff pointed out that despite massive buying by companies like MSTR, Bitcoin has still recorded a decline this year.

Meanwhile, gold and silver have risen by 60% and 95% respectively without much attention from corporations or the media. Schiff added that this disparity between the performance of Bitcoin and precious metals is likely to continue into next year. This prediction comes after Bitcoin erased the gains it had made throughout the year, with a sharp decline from its all-time high of over $100,000.

History Shows a Red December for Bitcoin

Based on historical data from CoinGlass, Bitcoin tends to decline in December if November closes with a decline. This has happened in 2018, 2019, 2021, and 2022. While November is usually the best month for Bitcoin, with an average gain of 41%, this year has been different with a decline of over 17% in November.

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However, there are some fundamental factors that could give hope to Bitcoin supporters. One of them is the possibility of an interest rate cut by the Federal Reserve at the upcoming December FOMC meeting, which is currently estimated at 85%.

Comments from Other Experts

While Peter Schiff takes a pessimistic view of Bitcoin, Arthur Hayes, co-founder of BitMEX, has a different view. Hayes predicts that Bitcoin’s price bottom may have already been reached and that Bitcoin will stay above $80,000 despite further declines.

On the other hand, Ark Invest CEO Cathie Wood expects that the tightening of liquidity will end next month, which could trigger a recovery for Bitcoin and the crypto market more broadly.

Conclusion

Although the predictions of various experts differ, one thing that is clear is that the future of Bitcoin is still full of uncertainties. Investors and market watchers should pay attention to both fundamental and technical factors before making investment decisions. This December, like the previous months, will be crucial in determining the next direction for Bitcoin price.

FAQ

Who is Peter Schiff?

Peter Schiff is an economist and gold advocate known for his critical views on Bitcoin (BTC) and other cryptocurrencies.

What is the percentage increase in gold and silver this year according to Peter Schiff?

According to Peter Schiff, gold and silver have risen by 60% and 95% respectively this year.

What is Arthur Hayes’ prediction for the price of Bitcoin?

Arthur Hayes, co-founder of BitMEX, predicts that the bottom of the Bitcoin (BTC) price may have been reached and will stay above $80,000.

What is the potential impact of the Federal Reserve’s interest rate cut in December

Interest rate cuts by the Federal Reserve may increase liquidity in the market, which may have a positive impact on the price of Bitcoin (BTC) and the crypto market in general.

When is the Federal Reserve scheduled to end quantitative tightening?

The Federal Reserve is scheduled to end quantitative tightening on December 1, which may increase liquidity in the market.

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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 have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Peter Schiff Predicts Bitcoin Decline Will Extend into December as BTC Closes Out Red November. Accessed on December 1, 2025
• Featured Image: Generated by AI