Peter Schiff says OGs selling Bitcoin will accentuate future declines

A wave of selling by long-term Bitcoin holders to so-called “weak hands” sets the stage for steeper future declines, Peter Schiff warned.

Sellers of OG (Original Gangster, or early long-term BTC holders) now have enough liquidity to cash out, thereby increasing supply and amplifying the risk of larger sales from weak, less convinced hands, he said. said on.

“Some argue that after all these years, Bitcoin is finally having its IPO moment now that there is enough liquidity for the OGs to cash in,” said Schiff, who is a longtime Bitcoin critic. “I agree, but so much Bitcoin moving from strong to weak hands not only increases float, but also means future sales will be greater.”

Some analysts say long-term Bitcoin whales have started selling their holdings in recent weeks.

Among them is Owen Gunden, an early long-term Bitcoin holder, who sold his entire 11,000 BTC stash valued at around $1.3 billion in October and November.

“Rich Dad, Poor Dad” author and investor Robert Kiyosaki revealed Friday that he recently sold BTC worth about $2.25 million, although he said he remains optimistic about BTC’s prospects. Kiyosaki said he bought Bitcoin when it was worth around $6,000 per coin and sold it for around $90,000.

Bitcoin is the ‘weakest link,’ says Schiff

Schiff’s comments come after Bitcoin fell 10% last week and 22% last month.

BTC price performance over the past week (Source: CoinMarketCap)

In a previous article on

In a recent YouTube video @andreijikh argued that Bitcoin was causing the decline in risk assets because it is more liquid and easier to trade. The real reason it fails to recognize is that Bitcoin carries the most risk. It’s the weakest link in the risk asset chain, so it broke first.

-Peter Schiff (@PeterSchiff) November 22, 2025

Schiff said the “real reason” is that “Bitcoin carries the most risk.”

“It’s the weakest link in the risk asset chain, so it broke first,” he said.

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