@PeterSchiff chose a memorable moment to deliver his latest Bitcoin warning. As $BTC was climbing nearly 4% on the back of a cooler-than-expected June inflation report, the veteran gold advoc
@PeterSchiff chose a memorable moment to deliver his latest Bitcoin warning. As $BTC was climbing nearly 4% on the back of a cooler-than-expected June inflation report, the veteran gold advocate told his audience that anyone still holding Bitcoin would "have a lot of regrets."
His technical roadmap: resistance at $65,000, support at $58,000, and a fast drop to sub-$50,000 if that level breaks, with a floor somewhere in the $20,000 to $30,000 range. The call landed while Bitcoin was trading around $65,000, putting Schiff's predicted ceiling almost exactly at spot price.
The timing was not incidental. US inflation cooled faster than economists anticipated on July 14, 2026, with the Bureau of Labor Statistics reporting June headline CPI at 3.5% year-over-year, below the 3.8% consensus forecast. Core CPI came in at 2.6% year-over-year, also below expectations. The Consumer Price Index fell 0.4% from May, marking its first monthly decline since April 2020. Cryptocurrency short position liquidations exceeded $220 million in the day following the inflation release.
Hotter-than-expected inflation delays interest rate cuts, strengthens the dollar, and pressures speculative assets. Conversely, cooler readings fuel hopes of monetary easing and liquidity-driven crypto rallies. Bitcoin responded accordingly, pushing toward the resistance level that Schiff was simultaneously flagging as a ceiling.
Schiff did offer one concession. He acknowledged that fifteen years ago, when Bitcoin was in its infancy, he should have bought. He admitted publicly that he regrets not buying Bitcoin when he first learned about it, a statement that drew immediate attention given his decade-long record of dismissing the asset entirely. But the window of regret comes with a convenient cutoff. Three, four, or five years ago? No remorse there. Only the earliest possible entry qualifies.
When asked whether the admission meant he would buy now, Schiff clarified: "Not a chance," adding that he would not buy even if Bitcoin crashed to $20,000.
Schiff has declared Bitcoin doomed below $1,000, $10,000, $20,000, and now around the $60,000 mark. That said, 2026 has given his bearishness more ammunition than most years, as Bitcoin entered the year at substantially higher levels before a brutal June selloff dragged it toward $58,000, and the asset remains down double digits year to date even after the current rebound.
For now, the market has answered his latest call in real time. Whether $65,000 holds or Schiff's downside targets come into play will be clearer in the weeks ahead, after the July FOMC decision and the next inflation reading.
Sources:TheStreet: Peter Schiff finally admits one Bitcoin regret, but says a bigger one is comingCrypto Briefing: US consumer inflation slows more than expected in June, Bitcoin rallies as rate hike fears fadeBlockonomi: Bitcoin surges past $64K as US inflation plunges to 3.5% in June
