Famous economist Peter Schiff, nicknamed the “Golden Bug”, said that international banking group Standard Chartered’s $5,000 bottom forecast for Bitcoin (BTC) is not even close to the bottom.
Famous Bitcoin critic and gold advocate Peter Schiff said in a report by banking giant Standard Chartered that Bitcoin will be expected in the next year. 70% by losing value $5,000 by quoting an article on Twitter about the prediction that it might fall own ideas shared.
Schiff shares, at the current $17,000 price of Bitcoin 70% value by losing $5,000 He said it wouldn’t be enough to drop it and it would still be expensive. For this reason, Schiff stated that the $ 5,000 level for Bitcoin is not even close to the bottom.
Bitcoin has a drop risk of more than 70%. Even with such a drop, Bitcoin will still be expensive. That’s why even $5,000 isn’t close to the bottom.
The famous economist first introduced Bitcoin in January. $38,500 a daily view while at shoulder-head-shoulder (OBO) formation and its target 30,000 dollars He said that there are levels, and with the loss of this level, the double top formation will be active and the price will collapse. your $10,000 predicted it would fall.
Arguing that an inevitable fall is coming, the analyst said that Bitcoin is at the end of this story. it could go down to zero dollars and it thinks it will not find buyers for recovery.