Peter Schiff argues Bitcoin may fall below $16,500 by year-end if $50,000 breaks next
His Nov. 14 call extends earlier $20,000 warnings while Bitcoin and Ethereum traded above the conditions he identified. Read the full story on CryptoSlateUnderstand the crypto stories that matter and what to watch next. Get The Catalyst in your inbox
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. The call extends his earlier downside warnings, while Bitcoin traded near $65,850 on Saturday afternoon.
In his 05:53 GMT post, @PeterSchiff said a break of $50,000 could lead to “a quick trip to the 2022 low below $16.5K.” He said a retest before year-end would not surprise him.
According to CryptoSlate data at 15:02 GMT on Nov. 14, Bitcoin traded at $65,850, down 4.36% over 24 hours. It was 47.82% below its Oct. 6, 2025 all-time high of $126,198.
Related ReadingSchiff’s latest post gives a more specific downside marker than his earlier warnings. On Feb. 19, @PeterSchiff 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 retains that $50,000 condition while explicitly naming a level below $16,500 and a timeframe before year-end. His June wording already allowed for prices below $20,000, so it should not be read as having established a precise floor there.
The $50,000 area also appeared in prior CryptoSlate reporting on Bitcoin’s risks. CryptoSlate’s July 1 analysis discussed a possible retest of $50,000-$55,000 amid ETF, policy and Strategy risks. That historical scenario is separate from Schiff’s new year-end call.