Famous crypto analyst Peter Schiff, nicknamed the “Golden Bug”, has suggested that Coinbase, one of the largest US crypto exchanges, may go bankrupt.
schiff 17 December via social media account in his post, By sharing a news segment from the date of Coinbase’s IPO, to dramatic change drew attention.
Bitcoin has been on the rise since the analyst Coinbase went public. 70% of Coinbase (COIN) shares have lost more than 90% of He underlined that he was losing value. Schiff made the following statements for that day:
Look at the excitement on their faces when the stock price hits $400, they probably thought the price would continue to rise.
After Schiff shared this, Coinbase shares will be re-listed one day. 400 dollars In response to a user who stated that he believes the stock market will reach its high levels, he said that the stock market will probably sink. Moreover five years before Those who criticize Bitcoin and will continue to exist five years from now. also in response to a user claiming that after five years there will be nothing left to criticize from Bitcoin mentioned.
On the other hand, there are actors in the crypto money market and the future of Coinbase, who have the opposite opinion of Schiff. Cathie Wood’s investment firm Ark Invest sees the recently falling stock price as an opportunity. loaded purchases made.