Peter Schiff Predicts Bitcoin's Decline Following Ethereum's 20% Drop to Below $4,000

Renowned gold advocate and persistent cryptocurrency critic Peter Schiff has declared that Bitcoin ($BTC) is "next" to experience a significant downturn, following Ethereum's ($ETH) recent plunge. The statement, made on social media platform X (formerly Twitter) on September 25, 2025, came as Ethereum entered a technical bear market, falling more than 20% from its August peak to below $4,000.

"Ethereum just tanked below $4,000. Despite all the Ethereum Treasury company buying, the #2 crypto is now in an official bear market, down 20% from its August record high. Bitcoin is next," Schiff stated. His remarks underscore his long-held skepticism about digital assets, which he frequently dismisses as speculative and lacking intrinsic value compared to traditional safe-haven assets like gold.

Schiff has a well-documented history of criticizing Bitcoin, often labeling it "digital fool's gold" and consistently predicting its eventual collapse. He has previously argued that a financial crisis in 2025, similar to the one that birthed Bitcoin in 2008, would ultimately lead to its demise. His pronouncements often ignite debate within the crypto community, where he is a polarizing figure.

The recent decline saw Ethereum's price drop below $4,000, marking its sharpest correction since early summer and canceling out weeks of gains. This market movement also triggered a wave of liquidations across the cryptocurrency market, with over $226 million in crypto positions liquidated in a single hour, heavily impacting leveraged long positions.

Schiff's latest prediction also extends to companies holding significant Bitcoin reserves, such as MicroStrategy. He has warned of a "brutal bear market for Bitcoin treasury companies," questioning their long-term viability if BTC enters a prolonged downturn. This perspective contrasts sharply with the bullish outlook often espoused by crypto proponents and institutional investors.