Peter Schiff Predicts Bitcoin Will Drop If Tech Stocks Pull Back

Bitcoin's repeated rejection near $87,000 leaves Schiff watching for a broader tech-led market reversal that could pressure Strategy. Peter Schiff has warned that Bitcoin’s recent resilience could make a later reversal more painful for Strategy, arguing that the company has lost the ability to use STRC to raise fresh money for Bitcoin purchases. His broader view is that markets have absorbed worsening economic signals without fully pricing the risks he sees. Schiff Sees Strategy’s Financing Problem In the latest Peter Schiff Show, the economist noted that Bitcoin had gained almost 1% on the week and was trading around $84,500 at the time of recording. He also pointed to Strategy’s STRC price, which had recovered to about $99.40 after falling to $75 during the summer. He attributed that recovery to Strategy repurchasing STRC and Bitcoin’s move back above $80,000, which may have improved confidence and prompted short covering. But he argued that the rebound does not solve the financing problem. “There’s no way that he’s going to be able to start selling more STRC. And that means he’s not going to be able to raise money to really start buying more Bitcoin,” Schiff stated, referring to...