Schiff Says Bitcoin Could Fall Below $16,500 by Year-End if $50,000 Breaks

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Schiff Says Bitcoin Could Fall Below $16,500 by Year-End if $50,000 Breaks

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Peter Schiff said on Nov. 14 that a Bitcoin break below $50,000 could send it toward a level below $16,500 before the end of 2026. Bitcoin traded near $65,850 that afternoon, above his trigger. His call extends earlier warnings that named $20,000 as the target.

Bitcoin critic and gold advocate Peter Schiff said on Nov. 14 that a Bitcoin break below $50,000 could send it toward a level below $16,500 before the end of 2026. Bitcoin traded near $65,850 on Saturday afternoon, above that trigger.

In his 05:53 GMT post, Schiff wrote that a break of $50,000 could lead to "a quick trip to the 2022 low below $16.5K." He added that a retest before year-end would not surprise him.

Bitcoin traded at $65,850 at 15:02 GMT on Nov. 14, down 4.36% over 24 hours, according to CryptoSlate data. That put it 47.82% below its Oct. 6, 2025 all-time high of $126,198.

Schiff extends his earlier Bitcoin calls

The latest post gives a more specific downside marker than his earlier warnings. On Feb. 19, Schiff said a break below $50,000 would make a test of $20,000 highly likely. On June 2, he said the same break should be followed by a quick fall below $20,000.

The November call keeps the $50,000 condition but names a level below $16,500 and a timeframe before year-end. His June wording already allowed for prices below $20,000, so it does not establish a precise floor there.

Strategy and Ethereum enter the warning

Schiff tied the forecast to Strategy, saying a year-end retest would be bad news for $MSTR. MSTR is Strategy's listed common stock.

Strategy's Nov. 9 filing reported holdings of 850,364 BTC as of Nov. 8, bought for about $64 billion at an average cost of $75,456 per bitcoin. The filing also showed about $5 billion in its USD Reserve for preferred-stock dividends and debt interest. Those balances do not establish that a fall to Schiff's target would force Strategy to sell Bitcoin or close.

Schiff also warned about Ethereum. He said a break of an uptrend around $1,600 could bring the next support level at what he described as the 2022 low just below $1,000. Ethereum traded at $1,851 at 15:03 GMT, still above the $1,600 level he identified.

For Bitcoin, the immediate test in his argument remains $50,000.

Source: CryptoSlate

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