Peter Schiff Predicts BTC Could Tank to $75K Amid Nasdaq Weakness

Peter Schiff Warns Bitcoin May Drop to $75K as Nasdaq Shows Weakness

Peter Schiff issued a warning about the future price movement of Bitcoin. According to Schiff, if the Nasdaq index continues its downward trajectory, dropping another 7.5%, it will enter correction territory, falling more than 10%. This could have severe implications for Bitcoin’s price.

Bitcoin Price Faces Potential Drop to $75K as Nasdaq Declines

Schiff predicts that a 7.5% drop in the Nasdaq would likely cause the crypto giant to decrease by at least 15%, taking it below $95,000. From there, he expects the crypto giant to test its next support level near $75,000. 

This analysis highlights the ongoing link between the crypto giant and traditional markets, with the crypto giant remaining susceptible to broader financial conditions.

Bitcoin's Price Relative to Saylor’s Holdings

As of October 14, 2025, Saylor’s company holds a massive 640,250, with an estimated portfolio value of $71.34 billion. 

The average purchase price for the BTC held by the company is $74,000, a strategic price point that reflects Saylor’s long-term confidence in the cryptocurrency.

The firm’s strategy of acquiring BTC at various price points, as shown by 82 purchase events, reveals a consistent accumulation pattern. Despite the volatility of BTC, Saylor has remained unwavering in his belief that it will continue to rise over time, positioning his holdings as a future store of value. This long-term approach has been central to his firm’s investment philosophy.

Despite 50.58% gains so far, Saylor is approaching a critical juncture. If the price were to dip toward $75,000, his portfolio’s value could potentially be close to his breakeven point, where the gains he has realized so far would be significantly diminished. 

Bitcoin Struggles with Support Levels, Outlook Bearish

As of the reporting time, the price of Bitcoin was trading at $111,023.48, reflecting a slight decline of 0.43%.

The Moving Average Convergence Divergence indicates a downward trend. The MACD line is still below the signal line, suggesting that the short-term bearish momentum will continue. This pessimistic outlook is further supported by the histogram, which is likewise negative at -1,387.69.

Source: BTC/USD 4-hour chart: Tradingview

The RSI (Relative Strength Index) is reading at 32.37, indicating that the world’s largest cryptocurrency is nearing an oversold region. 

The price of BTC may continue to drop if it is unable to maintain above the $110,000 support level. A rebound above $112k, on the other hand, might suggest a reversal and a more optimistic trend.