Peter Schiff sells gold for a living. He sells silver too. He has called bitcoin dead for years.
On Oct. 24, 2026, he posted a new warning on X. "Bitcoin is finally breaking down," he wrote. He named a fresh price target. He said $75,000 was next in line. He warned of a hard weekend ahead. Bitcoin funds stay shut on Saturdays. They stay shut on Sundays too. Monday alone would bring a chance to sell. By Sunday, his post had 2,675 likes. It drew 1,728 replies from other traders.
Bitcoin stayed well above $75,000. It dipped to $79,200 early Sunday, per crypto.news. Then it turned around fast. By Sunday afternoon, it traded near $80,700, per CoinGecko. That price sat far above Schiff's target.
Why did this post spread so fast? Schiff has called bitcoin dead many times. Each wrong call still draws a crowd. People want to see if this time is different. A famous skeptic pulls in readers either way.
What does this say about crypto people today? A loud voice can move a feed fast. The price still settles the real fight. Traders argue about Schiff more than they argue about charts. Some traders bet against his calls on purpose. His past calls missed many times before this one. This one missed too, within one day. Bitcoin's own chart told the real story by Sunday afternoon. October has been a rough month for bitcoin. The coin lost 3.3 percent this month, per crypto.news. Traders now watch $82,368 as the next line up. Schiff once called for a crash to $750 years ago. He later called for a crash to $50,000 too. Bitcoin passed both marks and kept climbing. Analyst Willy Woo called Schiff a useful warning sign for the other side. Woo said Schiff's calls work best as a signal to buy. Schiff's next post will likely draw a crowd too.