Attractive Bitcoin Forecast From Gold Supporter Peter Schiff

Peter Schiff, CEO of pro-gold and anti-crypto Euro Pacific Capital, is back with bearish warnings against the crypto market. Again, Schiff warned investors of the impending Bitcoin collapse.

Peter Schiff once again predicts a sharp decline in the world’s largest cryptocurrency Bitcoin. Schiff made his latest prediction in response to a comment from MicroStrategy’s CEO, Michael Saylor.

As it is known, Saylor is a big BTC supporter, the famous CEO stated in a tweet he shared today that Bitcoin is for winners. In response, Schiff questioned Bitcoin’s relevance to MicroStrategy shareholders.

However, after a user reminded Schiff’s unsuccessful fall prediction in 2018, Schiff suggested that the price of the flagship cryptocurrency could still drop to the $3,800 level. lasted.

Going back a little further, Schiff also suggested on March 10 that a wave of blockchain-related bankruptcies would soon crash cryptocurrencies and turn the crypto winter into a deep freeze. The famous Bitcoin critic urged his followers to sell their Bitcoins and buy gold instead.

It’s worth noting that Schiff’s bearish comments are not at all surprising. Schiff has been known as a longtime Bitcoin critic, and in fact, he has been warning of Bitcoin’s impending collapse for years.

Despite these massive bearish predictions, Bitcoin has proven to be a resilient asset. It has experienced several significant price fluctuations over the years, but has always managed to recover, setting new highs. Despite this, Schiff insists that cryptocurrency is a speculative asset with no real value and urges investors to buy gold.

You can check the price movements here.


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