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

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.

Goldman Sachs chief economist Jan Hatzius said a September Federal Reserve rate increase appears unlikely, citing weaker employment growth, softer consumer spending and moderating inflation.

Interest-rate markets have moved in the same direction, with traders assigning a much lower probability to another rate increase than they did a week ago.

Reduced expectations for tighter monetary policy can support Bitcoin by improving conditions for risk assets and limiting upward pressure on interest rates.

Schiff’s Bitcoin Bearishness Goes Back More Than a Decade

Schiff has criticized Bitcoin since its early years and has repeatedly argued that gold offers a stronger alternative.

Earlier in 2026, he suggested that a break below $50,000 could eventually send BTC toward or below $20,000. That scenario has not materialized, with Bitcoin continuing to trade above $60,000.

For now, the immediate focus remains on $65,000. A convincing move above that level would strengthen Bitcoin’s recovery, while another rejection could give sellers an opportunity to regain control.