Peter Schiff Puts Bitcoin’s Cycle-Low Estimate Near $59,517

Economist Peter Schiff identified about $59,517 as a possible cycle low for Bitcoin (BTC), giving a specific downside level in his bearish outlook for the cryptocurrency.

Schiff's Nov. 9 warning said Bitcoin was below $75,000 when he posted. He wrote, “There's a short window before the crash.” The warning did not identify a price for a potential bottom.