Peter Schiff Calls for Bitcoin Sell-Off at $65K as Fed Rate Hike Odds Fall

Bitcoin is holding near $64,000 after another push toward $65,000, but longtime crypto critic Peter Schiff says the rebound is another opportunity for holders to sell rather than the start of a stronger recovery.

His warning comes as expectations for another Federal Reserve rate increase decline, giving Bitcoin and other risk assets a more supportive macro backdrop.

Peter Schiff Warns Bitcoin Could Struggle Above $65,000

Schiff questioned Bitcoin’s ability to extend gains beyond $65,000, calling the level an important resistance zone and arguing that downside risks remain greater than the potential upside.

In a post on X, he said the latest rally gives holders another chance to exit before resistance limits further gains. Schiff also pointed to strong gold and silver prices, continuing his longstanding argument that precious metals are better stores of value than Bitcoin.

Bitcoin’s reaction around $65,000 will now be closely watched. A sustained breakout would weaken the immediate bearish case, while another rejection could keep BTC trapped in its recent range.

Falling Fed Rate-Hike Odds Support Bitcoin

Bitcoin’s recovery is also being helped by changing expectations around U.S. monetary policy.