Peter Schiff’s claim that Bitcoin could tumble to $1,000 is a stark reminder that the digital asset remains highly volatile. While the price is currently just under $60,000 and has edged up 0.6 % over the past day, the fear‑greed index sits at 11, the lowest level on the scale, indicating that traders are on edge. In this environment, even a small catalyst—such as a regulatory announcement or a large institutional withdrawal—could trigger a rapid decline.
Citi’s decision to cut its 12‑month forecast further underscores the uncertainty surrounding BTC’s near‑term trajectory. The bank’s revised outlook suggests that, on average, the market may not reach the highs seen earlier in the year. For retail holders, this means