🚨 Peter Schiff predicts Bitcoin could break below $50,000 and plunge under $16,500 before the end of 2026.
📌 Two-step scenario: lose the $50,000 level (down ~25.6% from around $67,200), then fall below $16,500, equivalent to a decline of more than 67%.
📌 Strategy ($MSTR) holds 850,364 BTC at an average price of $75,456; if BTC falls to $16,500, its treasury would be worth only around $14.03 billion, compared with a cost basis of $64.16 billion.
Defensive sentiment could easily intensify, with pressure spreading to $BTC and related risk assets.
💬 Do you believe Schiff, or see this as the usual fearmongering tactic?
#Bitcoin #CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).
📌 Two-step scenario: lose the $50,000 level (down ~25.6% from around $67,200), then fall below $16,500, equivalent to a decline of more than 67%.
📌 Strategy ($MSTR) holds 850,364 BTC at an average price of $75,456; if BTC falls to $16,500, its treasury would be worth only around $14.03 billion, compared with a cost basis of $64.16 billion.
Defensive sentiment could easily intensify, with pressure spreading to $BTC and related risk assets.
💬 Do you believe Schiff, or see this as the usual fearmongering tactic?
#Bitcoin #CryptoNews
🔗 Source: Cryptonews
⚠️ This information is for reference only and is not investment advice. Do your own research before making a decision (DYOR).