Schiff Sees Bitcoin Price Plunging to Zero as Market Hovers Near Record Lows

Longtime Bitcoin critic Peter Schiff recently weighed in on what price level could mark the bottom of the current bear market. In a discussion on X, he was asked about his thoughts on when the cryptocurrency's price would finally stabilize.

Schiff responded with a straightforward '0,' which may be interpreted in different ways. On one hand, it could mean that Schiff believes Bitcoin's market price will eventually collapse to zero, reinforcing his long-held skepticism towards digital assets.

On the other hand, the lack of a dollar sign in his response might suggest that Schiff is not referring to a specific technical price level. Instead, he may be hinting at the idea that Bitcoin's downside could remain open-ended, with no clear bottom in sight.