Pray, dear reader, observe the lamentable state of Bitcoin, which hath tumbled 17% in November, whilst the ever-so-sage Peter Schiff foretells further calamity in December. Gold and silver, those stalwart companions, boast robust YTD gains, leaving Bitcoin in a most unenviable position. 😏
Bitcoin, that fickle darling of the digital realm, is poised to conclude its most dismal November in seven years. The esteemed economist Peter Schiff, a gentleman of unwavering devotion to gold, hath prophesied that this decline shall persist into December. 🌪️
The premier cryptocurrency hath plummeted by upwards of 17% this month, casting its year-to-date (YTD) return into the shadows of negativity. Schiff, with his characteristic aplomb, opines that Bitcoin’s downward spiral shall extend into the new year, while traditional assets like gold and silver continue their ascent, unencumbered by the whims of corporate fervor. 🏦
Peter Schiff Foresees Continued Weakness in Bitcoin
Peter Schiff, renowned for his golden loyalties, took to the platform X to remark upon Bitcoin’s recent misfortunes. 📰
He observed that Bitcoin, despite the ardent support of firms such as MicroStrategy, remaineth in the red for the year. In contrast, he noted that gold and silver have ascended by 60% and 95% YTD, respectively, sans the extravagant promotional efforts that Bitcoin doth enjoy. 🎭
With all the hype and buying from MicroStrategy and other Bitcoin treasury companies in 2025, with but one month remaining in the year, Bitcoin is down 4%. Yet, without any hype or corporate buying, gold and silver are up 60% and 95%. This divergence shall likely persist in December and into 2026.
– Peter Schiff (@PeterSchiff)
Schiff contended that Bitcoin’s recent decline is a testament to its volatility when compared to the steadfast nature of physical assets. He suggested that this trend may well continue into December and beyond, a notion that aligns with his longstanding skepticism of digital currencies. 🤔
His observations arrive in the wake of Bitcoin’s fall from its lofty perch near $126,000 in October. This decline hath erased all of Bitcoin’s earlier gains this year, rendering 2025 a year of negative YTD performance for the token. 📉
Historical Patterns Hint at a Red December
Data from CoinGlass reveals a pattern that may lend credence to Schiff’s prediction. In years when Bitcoin concludes November in the red, it hath also suffered losses in December. This pattern manifested in 2018, 2019, 2021, and 2022, suggesting a potential continuation in 2025. 📊
November, historically Bitcoin’s most robust month with an average return of 41%, hath this year broken that pattern with a 17% decline. This shift hath rendered market watchers exceedingly cautious, particularly given the historical tendency for such movements to persist into December. 🕵️♂️
Arthur Hayes, co-founder of BitMEX, offers a dissenting view. He posits that Bitcoin’s nadir may already be behind us and anticipates the price to remain above $80,000, even amidst continued volatility. Hayes points to the market’s resilience in the face of macroeconomic pressures. 💪
Related Reading: Sell Your Ethereum And Buy BTC, Bitcoin Critic Peter Schiff Says As ETH Breaks $3,700
Market Conditions May Offer a Glimmer of Hope
Certain macroeconomic factors may yet alter the landscape for Bitcoin in December. 🌍
One such factor is the U.S. Federal Reserve’s impending policy decision. The Fed is anticipated to conclude its quantitative tightening program on December 1, potentially injecting additional liquidity into the financial system. 💸
The likelihood of a 25-basis-point interest rate cut at the December FOMC meeting currently stands at 85%, according to market expectations. Such a cut could alleviate pressure on high-risk assets, including cryptocurrencies. Analysts are keenly observing for any signs of a shift in investor sentiment. 📈
Cathie Wood, CEO of Ark Invest, recently remarked that the current liquidity squeeze may abate next month. She believes this could provide support for Bitcoin and other digital assets. 🌟
However, with Bitcoin’s negative momentum in November and historical trends working against it, traders remain circumspect as they approach the final month of the year. 🤨
Read More
- Silver Rate Forecast
- Gold Rate Forecast
- The Universe’s 3 Favorite Ways to Crash Crypto (And Why Yen Just Won)
- USD THB PREDICTION
- EUR NZD PREDICTION
- Brent Oil Forecast
- Why Coinbase’s ‘Super App’ Might Be a Dud (But Buy $BEST Anyway!) 🤷♂️
- USD CAD PREDICTION
- CRO PREDICTION. CRO cryptocurrency
- Dogecoin: $1 Dream or Financial Nightmare? 🚀💸
2025-11-30 17:05