Peter Schiff Warns Bitcoin Could Suffer Further Losses as Tech Stocks Correct

Peter Schiff said in a post on X that a correction in tech stocks appears to be starting, arguing that this shift could weigh heavily on crypto markets.

He noted that the recent tech-driven rally had been a key source of support for Bitcoin, and suggested that renewed selling in equities may push investors toward safer assets like gold.

Building on this view, he added that crypto charts are showing broader weakness beyond Bitcoin. According to his comments, Ethereum and Solana appear to be in even steeper declines, indicating widespread pressure across the market.

At the same time, he described the current selling as orderly so far, without signs of panic. However, he suggested that this could change if the downturn continues. Meanwhile, Bitcoin has fallen 5.4% over the past 24 hours, trading around $63,350 at the time of reporting.

Source: Peter Schiff