Amazing Prediction from Famous Investor Against Bitcoin (BTC)! ‘Bitcoin Will Reach These Levels!’

CEO of Euro Pacific Capital and Bitcoin (BTC) an extremely strong critic Peter Schiff, once again the world’s largest cryptocurrency predicts a sharp decline in the value of the unit.

Peter Schiff Predicts Bitcoin (BTC) Price to Drop Below $4,000

In a tweet, Schiff suggested that Bitcoin will soon fall below $ 4,000.

Schiff’s latest tweet was in response to a comment from MicroStrategy CEO Michael Saylor, who is a prominent proponent of Bitcoin.

Saylor tweeted that Bitcoin is for winners, and Schiff responded by questioning Bitcoin’s relevance to MicroStrategy shareholders.

In response to a user recalling Schiff’s failed bearish prediction in 2018, Schiff suggested that the price of the flagship cryptocurrency could still drop to the $3,800 level.

In a tweet on March 10, Schiff also suggested that a wave of blockchain-related bankruptcies would soon crash cryptocurrencies and turn the crypto winter into a deep freeze. He urged his followers to sell their Bitcoins and buy gold instead.

These extreme bear comments from Schiff are not surprising at all. He has long been critical of the flagship cryptocurrency and has often predicted its collapse since its early days. In fact, Schiff has been warning of the collapse of Bitcoin for years.

Despite Schiff’s dire predictions, Bitcoin has proven to be a resilient asset. Although it has experienced a few significant price fluctuations over the years, it has always managed to bounce back.

Schiff did not hesitate in his criticism of Bitcoin despite its continued resistance. He suggested that the largest cryptocurrency is a speculative asset with no real value and urged investors to buy gold instead. However, even his own son often expresses that his father was wrong and wrong.

*Not investment advice.

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