Bitcoin currently has a very low price. This token has fallen significantly in price from the $120K ATH it reached earlier and triggered a massive wave of liquidity, which is now hitting Bitcoin even harder. BTC has been pushed to lower prices, with the price hovering between $100K and $102K. A renowned economist has issued statements urging people to get rid of their Bitcoins before the price drops even more.
You may also like: Bitcoin Price Predicted To Fall To $79K: Details
Economists Warn People to Sell Bitcoin
Peter Schiff, a renowned economist who is a fierce opponent of Bitcoin, gave new advice on Bitcoin. Schiff believes that Bitcoin’s $100K price is an opportunity for a seller to make a profit. Schiff also hinted at the fact that Bitcoin will have more losses in the future. In a short X-tweet, Schiff revealed that Bitcoin may fall below $100K, and has more downside. Users should therefore liquidate their assets now in order to remain ahead of the game.
“$100K Bitcoin is an incredible opportunity that must not be missed. In fact, the opportunity may never come again in our lifetimes. That’s why it’s so important to take advantage of it while you can. If you own Bitcoin, hurry and sell it now, while the price is still above $100K.”
This isn’t the first time Schiff has shared his anti-Bitcoin opinions publicly. The economist has been known to express stark views on Bitcoin, stating that the currency is virtually invaluable today.
“If you owned all the Bitcoin in the world, what could you do with it? What would it be worth? Bitcoin doesn’t have anywhere close to the value of gold. To claim it’s even more valuable is ridiculous.”
Schiff, Is He Right?
Schiff is of the opinion that Bitcoins are volatile and prone to crashes. CoinCodex stats suggest a different story altogether. According to CC, Bitcoin will reach as little as $80K in 2026. However, the pace is expected to increase quickly, reaching $245K within three years.
“According to our latest Bitcoin price prediction, BTC is forecasted to rise by 8.53% and reach $114,561 by December 10, 2025. Per our technical indicators, the current sentiment is bearish, while the Fear & Greed Index is showing 22 (Extreme Fear). Bitcoin recorded 15/30 (50%) green days with 3.52% price volatility over the last 30 days. Last update: Nov 10, 2025 – 05:56 AM (GMT+5).”
You may also like: Bitcoin Falling Below $100,000 Should Not Scare You: Here’s Why
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
“ItsDailyCrypto is not responsible for any activities you perform outside ItsDailyCrypto.”
Source: watcher.guru
