2025 has been Bitcoin’s year — until now. With the price stuck below $87K and legendary gold bug Peter Schiff calling for a 50%+ drop to $40K this December, the crypto market is on high alert. Let’s dive into Peter Schiff’s shocking prediction, the technical signals backing it, and exactly how to position yourself on Tapbit before the market decides.
For real-time insights, track the live BTC price, order book depth, and interactive charts directly on Tapbit price.
Peter Schiff Doubles Down: “Bitcoin’s Bull Run Is Over – $40K Coming This December”
Peter Schiff, the outspoken economist and CEO of Euro Pacific Capital, has never hidden his disdain for Bitcoin — and his latest warning is his boldest yet. In a November 29 interview on CNBC’s “Squawk Box” (clip going viral with 5K+ views on X), Schiff declared:
“Bitcoin has peaked. The bull run is finished. We’re looking at a 50%+ correction this December — possibly all the way to $40,000 or lower.”
His reasoning? Overhyped ETF inflows can’t mask Bitcoin’s lack of intrinsic value, and with the Fed ending QT on December 1 (injecting $100B+ monthly liquidity), money will flow back to stocks, not “digital tulips.” Schiff’s track record is mixed — he nailed the 2008 crash but missed Bitcoin’s 10x rallies — yet his calls often mark emotional tops, like his 2021 $69K warning.
Live Bitcoin Data: The Weakness Is Real
Current price: $86,406.27 USD 24h change: +0.46% 24h volume: $71.02 billion Market cap: $1.72 trillion Circulating supply: 19.95 million BTC (94.9% of 21M max) Distance from ATH: -31.46% ($126,198.07 on Oct 6, 2025)
The +0.46% daily tick looks calm, but volume is down 2% WoW and the price remains well below key moving averages — exactly the setup Schiff loves to hate.
The Technical Case: 200-Week MA Breakdown + RSI Divergence = Bearish December
Schiff isn’t alone — multiple indicators are flashing red:
- 200-week moving average broken (~$95,000) — a level that ended the 2018 and 2022 bull runs
- Bearish RSI divergence on weekly charts
- Volume drying up on up days, spiking on down days
- Death cross forming on daily 50/200 MA
Crypto Birb’s viral chart sums it up: “Bitcoin bull market is over — 200-week trend breakdown confirmed.”
Market Sentiment: Crypto Twitter Split 55% Bearish
Schiff’s call has divided the community:
- Bears cheering: “Peter finally right” threads gaining 1K+ likes
- Bulls fighting back: “He’s been wrong for 10 years” counters at 2K+ likes
- Fear & Greed Index: 24 (Extreme Fear)
Risks & Rewards: $40K Crash or Another Schiff Miss?
Risks: 50% drop if $80K breaks — ETF outflows + holiday thin volume could accelerate. Rewards: Schiff’s missed every major rally — $25B ETF inflows and Fed liquidity could spark a Santa rally to $100K+ instead.
Bitcoin’s Bearish December Is Here — Prepare or Get Wrecked
At $86,406.27 with weakening technicals and Peter Schiff calling the top, December could be Bitcoin’s toughest month of 2025. A drop to $40K is now on the table — but history shows bears like Schiff often mark the bottom.
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