Bitcoin Vs. Gold: Schiff Predicts A Catastrophic 85% BTC Drop—Details
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Economist Peter Schiff predicts a potential 85% drop in Bitcoin, citing a correlation between Bitcoin, NASDAQ, and gold. He suggests that a decline in NASDAQ often leads to a decrease in Bitcoin, while gold has a negative relationship with NASDAQ.
March 19, 2025 | 3:45 am
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Peter Schiff predicts a potential 85% drop in Bitcoin, citing its correlation with NASDAQ. A decline in NASDAQ could lead to a decrease in Bitcoin's value.
Schiff's analysis suggests that Bitcoin's price is closely tied to NASDAQ's performance. If NASDAQ declines, Bitcoin is likely to follow, potentially leading to a significant drop in its value.
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