# Peter Schiff Puts Bitcoin’s Cycle-Low Estimate Near $59,517 By Enna Lee Canonical URL: https://www.tokenpost.com/news/investing/54307 Published: 2026-11-11T18:13:40.000Z Updated: 2026-11-11T18:13:40.000Z Section: Investing > His Nov. 9 warning said Bitcoin was below $75,000 when he posted but gave no bottom-price target. Economist Peter Schiff identified about $59,517 as a possible cycle low for Bitcoin (BTC), giving a specific downside level in his bearish outlook for the cryptocurrency. Schiff's [Nov. 9 warning]() said Bitcoin was below $75,000 when he posted. He wrote, “There's a short window before the crash.” The warning did not identify a price for a potential bottom. ## Links in this article - [Nov. 9 warning](https://www.tokenpost.com/news/investing/53707)