Peter Schiff Warns of Bitcoin Fall to $75K Amid $19B Liquidation

• Cryptocurrency skeptic Peter Schiff predicts steep price drops for Bitcoin and Ethereum.
• A $19 billion liquidation event, linked to U.S.-China tariff tensions, spurs heightened volatility.

On October 12, 2025, Cryptopolitan reported a massive $19 billion liquidation of leveraged cryptocurrency positions triggered by the renewal of a tariff war between the United States and China under President Donald Trump. The abrupt liquidation fueled extreme market volatility, raising alarm among investors and analysts over continued market instability.

Peter Schiff, Chief Economist and Global Strategist at Euro Pacific Capital, issued a stark warning about Bitcoin and Ethereum in the aftermath of the liquidation event. Known for his longstanding criticism of cryptocurrencies, Schiff projected Bitcoin's price to fall to $75,000 and suggested Ethereum might drop to $1,500 if critical support levels fail to hold.

Schiff’s predictions carry significant implications for corporate investors heavily exposed to Bitcoin. He specifically highlighted the possible impact on Michael Saylor's firm, which holds a substantial Bitcoin reserve. Schiff remarked that a fall to $75,000 would erase all unrealized gains for the company, casting doubt on its Bitcoin-focused strategy.

In contrast, some market analysts have shared differing views on the situation. Fundstrat co-founder Tom Lee described the recent price downturn as an opportunity rather than a sustained market crisis, noting it does not necessarily signal long-term bearish outlooks for cryptocurrencies.

Other experts have drawn attention to Ethereum’s robust on-chain fundamentals, which could serve as stabilizing factors. Increasing staking activity and growing institutional investments in Ethereum were highlighted as potential buffers against severe price declines.

Despite heightened volatility and Schiff’s severe predictions, Michael Saylor remains committed to his Bitcoin accumulation strategy. Saylor has previously expressed a vision to acquire $1 trillion worth of Bitcoin and continues to reaffirm confidence in the asset’s long-term adoption and growth.

As of October 12, 2025, 15:08 UTC, Bitcoin (BTC) is trading at $113,144.16, reflecting a 0.822% 24-hour increase, according to market data. Ethereum (ETH) is trading at $4,020.35, showing a 4.801% 24-hour increase. Both cryptocurrencies exhibit reduced trading volumes compared to previous days, indicating possible market consolidation.