Prominent gold advocate and long-time crypto skeptic Peter Schiff is back in the headlines — and this time his warning might raise red flags among bullish crypto investors. On 3rd November 2025, Schiff posted on social platform X (formerly Twitter) that the recent pause in Bitcoin’s climb could be the harbinger of a much deeper downturn. Crypto Economy
“Bitcoin has stopped going up. That’s my point. That likely means it’s only just starting to go down.”
— Peter Schiff (@PeterSchiff) November 3, 2025 Crypto Economy
📉 Why Schiff Says Bitcoin May Be at a Turning Point
Schiff’s argument centres on two key themes: first, that the momentum behind Bitcoin’s recent rally has run out of steam; and second, that the broader crypto-market structure remains fragile. His suggestion: just because Bitcoin stopped rising doesn’t mean a crash isn’t coming — in fact, he believes the worst may be still ahead.
This is significant because Bitcoin recently soared to record highs (above $120,000) but has since retraced, sparking concerns among traders about whether the peak has already passed. Analysts note that leveraged positions and speculative buyers remain exposed.
🧠 Schiff’s Broader View & Historical Context
Schiff has long argued that Bitcoin lacks the fundamentals of a durable asset — he continues to favour gold as the prized hedge. In earlier remarks, he dismissed Bitcoin as a “gigantic pump-and-dump scheme” and warned that major holders might be preparing to exit. Webull+1
His latest commentary adds another layer: if Bitcoin’s upward trend ends, the lack of support infrastructure and weak investor conviction could accelerate losses.
🧮 What Investors Should Watch
According to Schiff:
- If Bitcoin fails to reclaim key support zones (e.g., around US $108,000), it may face a sharper decline toward US $90,000 or even lower. Yahoo Finance+1
- Altcoins and leveraged positions are even more at risk. With Bitcoin potentially weakening, the broader crypto market could enter a domino effect of liquidations and loss.
- Time-horizon matters: Schiff isn’t predicting a crash tomorrow — rather, he says we are at the beginning of a broader pullback.
That said, he also acknowledges that the cyclical nature of crypto markets means even downturns can eventually create buying opportunities. But his tone remains cautious: the assumption that “Bitcoin will always go up” is no longer credible.
✅ Final Takeaway
For crypto bulls, Peter Schiff’s words are an uncomfortable but important reminder: markets don’t move in straight lines, and the risks of complacency are real. Whether you’re holding Bitcoin or altcoins, now may be a time to review your exposure, manage your risk and assess whether you’re prepared for more than just a market pause.