Bitcoin critic Peter Schiff warned that Bitcoin's crash is accelerating, predicting the price will slide below $16,500 — its 2022 low — before year-end if it breaks through $50,000. Schiff stated that once Bitcoin drops below the $50,000 threshold, downward momentum will intensify and likely push the price rapidly toward the 2022 lows. He added that MicroStrategy (MSTR) would be "completely finished" if Bitcoin revisits those levels.