Bitcoin Rebounds to $80K Hours After Peter Schiff Warns of Drop to $75K

Bitcoin returned to the $80,000 level almost immediately after economist Peter Schiff said the cryptocurrency was headed for a crash to $75,000. The timing drew swift attention across crypto trading circles, where Schiff's predictions are closely tracked, often skeptically. Schiff, a well-known gold investor and vocal bitcoin skeptic, has repeatedly argued that the asset lacks intrinsic value and is prone to sharp downturns. His latest comment framed the expected drop to $75,000 as evidence that bitcoin was finally entering a sustained decline. Instead, the price moved higher within a short window of his statement.