Peter Schiff Warns: Bitcoin Could Plunge Under $65K if Nasdaq Turns Bearish

Peter Schiff warned that if the Nasdaq enters a bear market, Bitcoin could drop significantly. He noted that a 12% decline in the Nasdaq often correlates to a 24% decline in Bitcoin, predicting that if the Nasdaq falls 20%, Bitcoin could drop to $65K.

Schiff emphasized that past market downturns, such as the Dot-com crash and the 2008 financial crisis, showed that bear markets often bring even steeper declines. He believes Bitcoin could fall as low as $20K in a severe market correction. Schiff also highlighted gold’s strength during these downturns, positioning it as a safer investment compared to Bitcoin.

Clever Robot News Desk 18^th March 2025