Based on his expectation of Bitcoin price sensitivity to Nasdaq market slides, Bitcoin could face significant price drops under Peter Schiff’s analysis. On March 16, Schiff used X to share his market concerns, including the present market drop. He stated:
“The NASDAQ is down 12%. If this correction turns out to be a bear market, and the correlation where a 12% decline in the NASDAQ equates to a 24% decline in bitcoin holds, when the NASDAQ is down 20%, bitcoin will be about $65K.”
The NASDAQ is down 12%. If this correction turns out to be a bear market, and the correlation where a 12% decline in the NASDAQ equates to a 24% decline in Bitcoin holds, when the NASDAQ is down 20%, Bitcoin will be about $65K.
But if the NASDAQ goes into a bear market, history…
— Peter Schiff (@PeterSchiff) March 16, 2025
Will Nasdaq’s Fall Drag Bitcoin Down Further?
Deep market slumps have regularly occurred during bear markets based on past data. Schiff used Dot-com bubble, 2008 financial crisis, and 2020 COVID-19 crash to predict BTC will face a much worse fate when Nasdaq suffers a major downturn.
If this economic downturn stops at a 40% BTC reduction market bottom will push the cryptocurrency value near $20,000. According to Schiff he expects BTC to sink further instead of recovering from a drastic price drop of that size.
Schiff highlighted that BTC tends to move in reverse direction to gold because gold has risen 13% since December 2023 when Nasdaq stock peaked. He predicted that gold prices would climb to $3,800 soon if American stocks continued to fall combined with weaker U.S. dollar strength.
MicroStrategy at Risk from Bitcoin Decline
Schiff regularly disapproves BTC as a financial asset because it has failed to endure like gold has throughout history. He believed that more distance between BTC and gold would lower Bitcoin’s role as a reliable wealth holder.
When BTC loses its resemblance to gold as a means of wealth storage, investors and governments will recognize its strategic reserve holdings should be eliminated, according to Schiff. He pointed out that massive sales of BTC exchange-traded funds would worsen market disruption in this setup. He wrote:
“There will also be no reason for ETF investors to keep holding their positions either. With all that selling, it will be impossible for MSTR [Microstrategy] to sell enough bitcoin to avoid bankruptcy.”
White House Crypto Summit Boosts Market Confidence
Schiff’s negative predictions make other BTC experts and market professionals expect positive growth ahead. Draper and Lee stand behind their $250,000 BTC forecast for 2025 yet Lee expects it to outperform all other assets in terms of appreciation next year.
Standard Chartered sees BTC reaching $500,000 while business executive Michael Saylor expects BTC to reach $13 million by 2045. Top executives from Binance and Abra support BTC’s rising popularity and durability in their statements.
The White House Crypto Summit emerged as the latest development that further strengthens market belief in BTC. The president shows support for cryptocurrency by promising to establish a strategic BTC reserve because his actions indicate possible future positive regulation.
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Conclusion
Schiff predicts a Bitcoin collapse while industry experts believe in its success despite their differing opinions. Market changes make gold and BTC keep diverging in their use as value protection. People around the world are debating whether BTC can survive financial challenges or if it must fall to pieces.
Stay tuned to The BIT Journal and keep an eye on Crypto’s updates. Follow us on Twitter and LinkedIn, and join our Telegram channel to be instantly informed about breaking news!
FAQs
1. Why does Schiff think Bitcoin will collapse?
He believes a Nasdaq crash will drag BTC down, unlike gold, which holds value.
2. How does Schiff compare Bitcoin to gold?
He sees gold as a stable hedge, while BTC is too volatile.
3. What do experts predict for Bitcoin?
Some expect $250K–$500K soon, while Saylor sees $13M long-term.
Glossary of Key Terms
Bitcoin (BTC) – A decentralized digital currency.
Nasdaq – A major U.S. stock exchange.
Bear Market – A prolonged price decline.
ETF – A fund tracking assets.
Strategic Reserve – Government-held assets.
Reference
The price predictions and financial analysis presented on this website are for informational purposes only and do not constitute financial, investment, or trading advice. While we strive to provide accurate and up-to-date information, the volatile nature of cryptocurrency markets means that prices can fluctuate significantly and unpredictably.
You should conduct your own research and consult with a qualified financial advisor before making any investment decisions. The Bit Journal does not guarantee the accuracy, completeness, or reliability of any information provided in the price predictions, and we will not be held liable for any losses incurred as a result of relying on this information.
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