Zero? Peter Schiff Reveals Bitcoin Price That Could Mark Bottom

The article is a crypto commentary piece centered on Peter Schiff’s bearish view of Bitcoin after the asset fell to a 21-month low. Schiff replied “0” when asked what price would mark a Bitcoin bottom, reinforcing his long-standing belief that Bitcoin has no real floor and could ultimately go to zero. The piece notes Bitcoin briefly dropped to $57,717 on July 1, its lowest since Sept. 17, 2024, before rebounding to around $62,463, up 1.18% in 24 hours. It also cites broader pressure from higher-rate expectations and concerns about Strategy, the largest corporate Bitcoin buyer, as well as Citigroup cutting its 12-month BTC target to $82,000 from $112,000. Overall, the market tone remains fragile and sentiment-driven, with the article highlighting continued downside risk despite a short-term rebound.