Bitcoin critic and Euro Pacific Capital CEO Peter Schiff recently expressed his view that Bitcoin's price could fall to $10,000. Amid market volatility, such predictions raise questions about the stability of cryptocurrencies for investors.
Peter Schiff's Market Predictions
Peter Schiff is well-known for his criticism of Bitcoin, considering it to be an insecure asset. According to Schiff, Bitcoin will never generate earnings or dividends, unlike gold, which he often compares to the cryptocurrency. His ongoing criticism aligns with the thesis of gold's superior performance.
Current Bitcoin Market Movements
Bitcoin's price fell to $84,414, marking a 2.3% decrease over 24 hours. The market cap stands at $1.67 trillion, with a 2.67% price drop in the daily timeframe. This reflects recent volatility and Bitcoin's weakened value against gold, which hit record levels.
Impact of Market Changes on Bitcoin
According to CoinMarketCap data from March 29, 2025, Bitcoin's current price is $83,993. Market cap remains at $1.67 trillion, but trading volume saw a significant 33.4% increase. Market performance continues to show declines over multiple durations. Experts are currently examining potential regulatory and technological implications arising from ongoing volatility in the cryptocurrency sector.
Market changes in Bitcoin continue to elicit varied reactions among experts and investors. The ongoing volatility and comparisons with gold keep the focus on this crypto asset, providing room for further analysis and forecasts.
