Investor and critic Peter Schiff warned today that Bitcoin could face deeper declines amid the cryptocurrency’s recent price drop, according to his official X account. Schiff described the move as the beginning of a broader BTC pullback.
Bitcoin has stopped going up. That's my point. That likely means its only just starting to go down.
— Peter Schiff (@PeterSchiff) November 3, 2025
The comment comes as Bitcoin experiences volatility and selling pressure, impacting both small and large investors. Schiff has historically been skeptical of BTC, and his analysis suggests current levels may not be sustainable. Traders and holders could face increased risk if prices continue falling, especially those with leveraged positions. The warning also underscores the market’s sensitivity to influential voices and the importance of risk management strategies.
Investors should closely monitor market developments and consider both technical and fundamental signals before making decisions. The market may stabilize if defensive buying occurs, but caution remains amid potential sharp movements.
Source: Peter Schiff on X
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