According to CoinMeta, Peter Schiff stated that Bitcoin is about to face even greater selling pressure. He pointed out that although the tech stock market has been hit hard, the overall stock market has still performed well, but he expects this situation to change. He believes that the entire U.S. stock market is overvalued, not just tech stocks. Schiff's view is based on a broader market theory: if the current weakness spreads to the broader stock market, speculative assets like Bitcoin may face even greater selling pressure.