Renowned economist Peter Schiff warns of a potential Bitcoin drop to $65,000 due to a downturn in the Nasdaq index. Despite concerns, some analysts are optimistic about Bitcoin's future price.
Peter Schiff, a renowned economist and gold advocate, has warned that a prolonged downturn in the Nasdaq index could severely impact the price of Bitcoin (BTC). He predicts that if the Nasdaq drops by 20%, Bitcoin’s price could plummet to around $65,000. Schiff also draws parallels to past financial crises and predicts potential significant drops in Bitcoin’s value. Despite this, some analysts remain optimistic about Bitcoin’s future price, with predictions ranging from $250,000 to $13 million by 2045.
