Bitcoin Skeptic Peter Schiff Issues Stark Warning: BTC Could Plunge to $75K, Undercutting Strategy’s Average Buy Price

Notorious crypto critic Peter Schiff just dropped another bombshell prediction—Bitcoin might be heading for a brutal drop to $75,000. That’s below the average entry price for many bullish strategies.

Schiff’s bearish outlook clashes hard with the current market sentiment. He’s been a vocal Bitcoin doubter for years, and this warning fits right into his playbook.

Timing the dip? Not so easy. Even if BTC hits $75K, it’s still a far cry from the sub-$10K days—classic finance traditionalists still don’t get crypto’s risk-reward asymmetry.

Love him or hate him, Schiff keeps the conversation spicy. Whether he’s right or wrong, one thing’s clear: in crypto, nobody has a monopoly on the truth—not even the skeptics.

BTC Could Fall Below MSTR’s Average Cost

Michael Saylor’s Strategy (formerly MicroStrategy), the largest bitcoin treasury firm, has been holding the token since 2020. The firm bought 3,081 BTC for $356.9 million at an average cost of $115,829 each on Monday.

Michael Saylor’s @Strategy expands its Bitcoin reserves — acquiring 3,081 BTC for $356.9M at ~$115,829 each. $MSTR #Bitcoin https://t.co/4P19J6fF1R

Strategy now holds a total of 632,457 BTC, worth $69.58 billion per Bitcoin Treasuries data.

According to Peter Schiff’s prediction, Bitcoin WOULD soon witness a plunge to as low as $75,000, a mark that BTC hit in April 2025.

“At a minimum, a decline to about $75K is in play, just below $MSTR’s average cost.”

Bitcoin is Falling Down – Is $75K Plunge Possible?

Though Bitcoin has been tumbling down, Schiff’s prediction seems remote, given other factors driving up the price, gradually.

The recent flash crash is attributed to a massive whale dump that sparked major liquidations. A whale sold 24,000 BTC in a batch of transactions, proving calamitous for Ether that recently hit an all-time high.

Further, Fed Chair Powell’s Jackson Hole speech emphasized labor market risks, which initially fueled a 4% BTC bounce. However, fading momentum reversed gains.

Meanwhile, institutional accumulation continues with the recent Metaplanet’s 103 BTC purchase. Further, U.S. spot Bitcoin ETFs saw massive inflows ($231M) on August 14.

Bitcoin’s trajectory hinges on whether ETF inflows outpace whale selloffs and if macro liquidity aligns with tech innovation.