Gold Advocate Peter Schiff Predicts Bitcoin to $20,000 and Ethereum to $1,000

Gold advocate and Bitcoin critic Peter Schiff has once again shared a bearish forecast for the leading cryptocurrency. Known for his staunch support of gold and consistent skepticism towards digital assets, Schiff's predictions often generate significant discussion within the financial community.

On March 17, Schiff took to X to note Bitcoin’s… [performance]… In his latest remarks, Schiff criticized Bitcoin supporters and CNBC analysts, accusing them of exaggerating the cryptocurrency’s strength compared to the NASDAQ. He reiterated his belief that Bitcoin is a speculative asset with limited real-world value, contrasting it sharply with the perceived stability and intrinsic worth of gold.

One of the most famous Bitcoin and crypto critics, gold advocate, economist, and fund manager Peter Schiff gave his new targets for Bitcoin and Ethereum for this weekend, predicting a significant downturn. Specifically, Schiff forecasts Bitcoin to potentially plummet to $20,000 and Ethereum to $1,000. These projections represent a substantial decrease from current trading levels and reflect Schiff's ongoing bearish outlook on the crypto market.

Hace 2 días Peter Schiff Calls Bitcoin a 'Giant Cult,' Doubles Down on Gold. Appearing at the Bitcoin 2025 conference, the longtime gold advocate dismissed the Bitcoin… [phenomenon]… BTC $106,053.78 (This figure is for example only and doesn't represent a prediction). Despite some fluctuations and occasional bullish periods, Schiff remains unconvinced, maintaining his position that gold remains the superior investment.

While Schiff's predictions are frequently debated and often challenged by crypto enthusiasts, his voice remains influential, particularly among investors wary of the volatility associated with Bitcoin and other cryptocurrencies. It's important to consider a range of perspectives and conduct thorough research before making any investment decisions.