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‘Bottom Fishers’ Lift Bitcoin Above 2026 Low but Schiff Warns the Worst May Still Be Ahead

By bitcoin.com
Jun 8, 2026
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Key Takeaways:

Peter Schiff warned of a “ Crypto Black Monday” as bitcoin fell roughly 24% over the past month.In Schiff’s X poll, 59% of over 15,700+ voters said BTC must hit zero before they concede he was right.Bulls cite RSI levels and model targets near $165,000, with the 2026 low serving as the key line to hold.
Crypto Black Monday

Schiff continued:

Image source: Screenshot of Schiff’s X post at 9 a.m. EDT on June 7, 2026.

Respondents could choose from four options: $20,000, $10,000, $1,000, or zero. The $20,000 option captured 18.7% of the vote, while the $10,000 choice attracted 8.3%. Meanwhile, the $1,000 selection accounted for 13.9% of responses. Zero, by contrast, dominated the poll with 59% of participants selecting that answer. As of 9 a.m. EDT on Sunday, the poll still has two more hours, but the numbers have remained consistently the same since Saturday.

‘Have Fun Being Poor’ ‘We Never Even Had a Bull Run’

“When bitcoiners say we are undervalued this is what we mean. We never even had a bull run.”

What to Look Out for From Here

Whether this one proves different from the past tape is the question the next several weeks will answer.

Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of BitKan. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. BitKan shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. Products mentioned in this article may not be available in your region.

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