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

What happened

Bitcoin neared $65,000 as economist Peter Schiff publicly advised investors to sell their holdings, while declining expectations of a Federal Reserve interest‑rate hike were cited as supportive for Bitcoin and other risk‑on assets.

Confirmed

Global impact / market context

Schiff’s sell recommendation may prompt short‑term price drops because his followers often act on his warnings, while lower Fed‑rate‑hike odds boost confidence in risk assets, helping Bitcoin maintain momentum and possibly attracting broader new investors.

Analyst inference

Bitcoin’s climb toward $65,000 comes as the market eyes a potential end to the Federal Reserve’s tightening cycle, which historically lifts risk‑on assets; simultaneously, broader equity and commodity markets have rallied on the same optimism.

Analyst inference

What to watch

1. Watch Bitcoin’s price over the next week for a sharp move either down, reflecting Schiff‑inspired selling, or up, if the Fed‑rate‑cut sentiment outweighs his warning. Analyst inference
2. Track upcoming Federal Reserve minutes and speeches for signs that rate‑hike expectations may rise again, which would likely pressure Bitcoin and other risk assets lower. Analyst inference
3. Observe institutional inflows into Bitcoin‑linked exchange‑traded funds or custody services, as growing professional demand can sustain prices even if retail sellers follow Schiff’s advice. Analyst inference

Affected assets

• BTC — Bitcoin

Evidence

• coinpaper.com