Key Takeaways

• Peter Schiff warns of a Bitcoin “death spiral.”

• Schiff predicted Bitcoin could fall to around $30,000.

• Despite repeatedly declaring Bitcoin “dead” over the years, Schiff remains its most prolific critic.

Gold advocate Peter Schiff warned that a Bitcoin “death spiral” could trigger its worst decline on record, arguing that pressure on Strategy could unleash a wave of forced selling across the crypto market.

In a YouTube video published Saturday, Schiff said a drop toward $30,000 could spark a “cascade of selling” and lead to Bitcoin suffering what he described as “the worst decline it’s ever experienced.”

Bitcoin Is the ‘Weakest Link’ in a Broader Bubble, Schiff Says

In a…