Peter Schiff

If bitcoin (then about $34,500) breaks decisively below $30,000, it will crash below $10,000 (read as within about two years, by May 2024).

“If #Bitcoin breaks decisively below $30K it seems highly likely that it will crash below $10K.”

Said on

8 May 2022 · Post on Twitter, May 8, 2022. Conditional on a decisive break below $30K. No window given; read as about two years.

Source

Peter Schiff outlines condition for Bitcoin to fall to $10,000 · ForkLog

Should come true

2024

How sure they sounded

it seems highly likely

Categories

Crypto

Importance

2 of 5 · A bitcoin price call that matters mainly to the crypto market.

Outcome

Inaccurate

The condition was met: bitcoin broke well below $30,000 in June 2022. But it never crashed below $10,000; its cycle low was about $15,500 in November 2022 after the FTX collapse, and it rose to records above $73,000 by March 2024.

Evidence:

• https://en.wikipedia.org/wiki/History_of_bitcoin