3 Reasons Peter Schiff Forecasted Bitcoin’s “Big Crash”: What Does It Mean?

Jakarta, Pintu News – Economic expert and gold advocate Peter Schiff has once again caught the attention of the market with his statement that Bitcoin has the potential to experience a sharp decline as macroeconomic pressures and concerns about the fiat currency system, especially the US dollar, emerge. This statement led to widespread discussion among crypto investors regarding the short-term and long-term prospects of the world’s largest digital asset.

1. According to Schiff, Fragile US Dollar Could Be a Trigger

Schiff argues that a downturn in the value of fiat currencies, particularly the US dollar, could accelerate the pressure on Bitcoin as a digital asset. He notes that when investors lose confidence in fiat money due to inflation risks and expansionary monetary policy, capital flows could instead turn to precious metals such as gold and silver.

In Schiff’s view, while Bitcoin is viewed by some investors as “digital gold”, its inability to keep up with the precious metal’s rally could put additional pressure on prices. As gold sets records and attracts large capital flows, Bitcoin, which has not performed similarly, could potentially face a steeper drop in value.

This statement is closely related to his belief that gold remains a stronger hedging instrument than any crypto asset in a volatile global economy.

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2. Bitcoin Criticized for Following Speculative Patterns

Schiff has consistently stated that Bitcoin’s price is not backed by fundamental value like physical assets, but rather is influenced more by market sentiment and investor speculation. He has even likened the ups and downs of Bitcoin’s price to a speculative bubble phenomenon due to its lack of real utility beyond trading functions.

According to him, when markets start to question the “digital gold” narrative, especially if precious metals take over as asafe haven, Bitcoin could experience a sharp correction. This statement underscores his long-term skepticism of cryptocurrencies as a stable alternative amid macroeconomic crises.

Schiff believes that Bitcoin could be one of the first assets to fall in value before a major crisis of fiat currency actually occurs, in contrast to the view of many investors who see it as a hedge against inflation.

3. Technical Analysis and Crash Risk According to Schiff

In addition to the fundamental approach, Schiff highlights the possibility of a structural crash in Bitcoin. He sees that the highly volatile crypto market could create conditions where a sharp decline occurs faster than a recovery.

In one of his comments on social media, Schiff claimed that Bitcoin could “follow the silver spike, but in the opposite direction,” hinting at a major correction that reflects not just a regular decline, but a deeper price implosion.

This view has been criticized by the crypto community who point out that Bitcoin has overcome many previous bearish predictions and remains a positive performer in the long run. However, Schiff’s criticism remains relevant as a voice that sparks discussion on short-term risk and price dependence on market narratives.

How will the market react to this statement?

These kinds of statements usually trigger mixed reactions from investors. Some see it as a warning of market risks, while others take it as a personal view that doesn’t necessarily reflect the broader crypto market dynamics. Many Bitcoin supporters emphasize that BTC has weathered many “death” predictions and has still shown resilience over the long term.

However, comments from economic figures like Schiff often prompt investors to pay attention to the structural risks and high volatility in digital asset markets, as well as the importance of portfolio diversification.

Conclusion: Warning or Alternative Perspective?

Peter Schiff’s prediction of a possible major Bitcoin crash reflects a strong skepticism towards the stability of the crypto market amid global economic uncertainty. He emphasized his preference for physical assets like gold over volatile digital assets. However, the response of the market and crypto community shows that this narrative is not a universally accepted view.

Such insights can be a tool for investors to evaluate macro risks and price mechanisms, rather than a definitive prediction. Investors are advised to combine fundamental, technical, and macro perspectives when assessing the potential price movements of Bitcoin and other crypto assets.

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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 andselling Bitcoin and other crypto asset investments are the responsibility of the reader.

Reference:

• Bitcoin News. Peter Schiff Sees Bitcoin Setting Up for Major Crash as Dollar Collapse Looms. Accessed January 25, 2026.