According to the famous analyst Peter Schiff, who draws attention with his comments on gold issues, the real price of Bitcoin (BTC) is now $ 30,000 and that of Tether is $ 0.72. Details of the analyst’s statements cryptocoin.com‘in.
What did the golden wolf say?
Popular Bitcoin critic Peter Schiff continued to attack Bitcoin, arguing that it deserved a much lower price than its current price. Prominent Bitcoin critic, Euro Pacific Capital CEO and SchiffGold founder Peter Schiff posted a tweet in which he claims that the real price of Bitcoin is $30,000 at the moment and the real price of Tether is 72 cents. Schiff tweeted about his 28% discount on NAV, which sells Grayscale and GBTC (Bitcoin Trust shares). On January 19, he tweeted that it is easier for investors to buy a $1 Bitcoin at $0.72 via Grayscale. Now he goes even further in his statements.
Schiff tweeted that Grayscale does not sell GBTC for Tether’s USDT stablecoin, but only for real dollars, and this may be the real reason for the 28% discount in GBTC. Since USDT is the most commonly used crypto (the digital equivalent of the USD), the real price of Bitcoin is $30,000, not $42,000, according to Schiff. Schiff also claims that thanks to Grayscale’s discount, USDT should be traded at the fair price of 72 cents, not $1.
The SchiffGold founder’s claims that it is easier and more reasonable to buy GBTC (because it is cheaper) instead of BTC is controversial, as an investor has to pay a minimum of $50,000 for GBTC, which can be a huge amount for the casual investor.
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