bitcoin Peter Schiff, the founder of Euro Pacific Capital and SchiffGold, recalled his article published on August 14 in a recent tweet, saying that the latest decline forecast for BTC came true, although not in the way he expected.
Schiff posted his last Tweet to the world’s biggest cryptocurrency It came as Bitcoin slumped more than 7% to drop below $21,000 and Ethereum similarly followed suit below $1,700.
Bitcoin Enemy Peter Schiff: “They Should Have Heard My Warning and Sell”
Schiff reminded the crypto community of the tweet he published last Sunday, where he predicted that Bitcoin could test support below $10,000 in the near future.
In his tweet, Schiff warned that two bearish double tops and a head and shoulders formation form an ascending wedge.
Therefore, Schiff, who expresses his hostility to crypto money and BTC at every opportunity, expects the BTC price to drop to $ 10,000.
In today’s tweet, Schiff pointed out that in the five days after this post, BTC fell more than 14 percent and is currently trading in the region of $ 21,300, while many accused him on Twitter of Schiff spreading FUD.
This was my most recent #Bitcoin tweet. Many of you accused me of spreading #FUD. In the 5 days since this tweet the price of Bitcoin has fallen by over 14%. Those making fun of my tweet should have heeded my warning and sold. There’s still time to sell. Better late than never! https://t.co/KraugIXXwT
— Peter Schiff (@PeterSchiff) August 19, 2022
Schiff used the following statements in his tweet:
“Here was my latest Bitcoin Tweet. Many of you have accused me of spreading FUD. In the 5 days since this tweet, the Bitcoin price has dropped over 14%. Those who made fun of my tweet should have heeded my warning and made a sale. There is still time to sell. Better late than never!”
*Not investment advice.
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