June 28, 2022
bitcoin

bitcoin

Peter Schiff, an economist and gold enthusiast, has made some grim forecasts regarding cryptocurrencies, notably bitcoin and ether.

Peter Schiff, an economist and gold enthusiast, has made some grim forecasts regarding cryptocurrencies, notably bitcoin and ether.

“The necessity to sell bitcoin to pay expenses will only become greater as the crisis develops,” Schiff says, predicting that bitcoin will drop to $20K and ether to $1K. Many bitcoin hodlers will be compelled to sell to offset the expense of rising food and energy prices, according to Schiff.

Most bitcoin proponents continue to dismiss all of Schiff’s bitcoin and crypto forecasts, with many seeing his pessimism as a buy signal for BTC. While Schiff is gloomy on bitcoin, ether, and the crypto sector as a whole, many others are positive on the currency. bitcoin is now selling at a price of

Read More

See also  Bitcoin Falls Below $18,000, Ethereum Under $900 as Selloff Intensifies
X