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Business
Peter Schiff Notes Bitcoin’s Unexpected Resilience While Maintaining Bearish Outlook
✍️ Asianet Newsable
🗓 12 Oct 2026, 05:35 AM
👁 14
Peter Schiff said he was surprised that Bitcoin has managed to hold onto its recent gains, even though he continues to predict that the cryptocurrency will fall to new lows.
Veteran economist and gold advocate Peter Schiff remarked that Bitcoin’s ability to retain its recent upward movement caught him off guard.
He noted that despite the cryptocurrency’s recent price stability, his long‑term view remains unchanged.
Schiff reiterated his expectation that Bitcoin will eventually slide to new lows, citing his skepticism about its intrinsic value.
The commentator’s remarks highlight the divide between short‑term market performance and his enduring bearish outlook on digital assets.
He noted that despite the cryptocurrency’s recent price stability, his long‑term view remains unchanged.
Schiff reiterated his expectation that Bitcoin will eventually slide to new lows, citing his skepticism about its intrinsic value.
The commentator’s remarks highlight the divide between short‑term market performance and his enduring bearish outlook on digital assets.