Peter Schiff said on November 14 that a break below $50,000 could send Bitcoin toward a level below $16,500 before the end of 2026. That afternoon, Bitcoin traded at $65,850, down 4.36% over 24 hours, while Ethereum traded at $1,851, down 4.95%. The gold advocate attributed the expected weakness to investors’ focus on artificial intelligence, rising hacking risks and an end to the Trump-driven rally. Strategy held 850,364 BTC as of November 8, acquired for about $64 billion at an average cost of $75,456 per bitcoin, and also reported about $5 billion in its dollar reserve. A decline in Bitcoin would reduce the market value of those holdings, but Strategy’s reported liquidity does not establish that it would be forced to sell its cryptocurrency.
Source: Read the original article
