Peter Schiff forecasts further weakness for Bitcoin after its 13% drop, suggesting the cryptocurrency could fall to $75,000, just below MicroStrategy’s average buy-in price.
Peter Schiff predicts that Bitcoin's recent drop of 13% below $109,000 could lead to a further decline to $75,000, just under MicroStrategy's average acquisition price. He attributes the weakness to a failure in market hype and corporate accumulation to maintain momentum.