Famous Stockbroker: “Bitcoin (BTC) Rise, Sucker Rally!”

Bitcoin (BTC) owner of Euro Pacific Asset Management, one of its biggest enemies Peter Schiff, BTC continues its criticism.

Speaking to Kitco News, gold advocate Schiff said: BTCHe said he doesn’t believe in the short-term rise in .

Believing that the rise in Bitcoin will not continue in the long run, Peter Schiff stated that this rise is an opportunity for investors to sell and exit the market.

bitcoinClaiming that the price will likely fall as low as $10,000, Schiff said that new highs like the 2021 rally are unlikely to be seen.

Continuing his criticism, the famous stockbroker explained this rise. “sucker rally” described as.

“The market will bottom out. I think people should take advantage of the sucker rally they have right now and come out selling what they have.

There are people who bought Bitcoin four, five, six years ago and made huge profits from it. but now they have to sell out because otherwise the market will take all of these profits.”

“Michael Saylor’s Bitcoin Strategy Didn’t Work!”

MicroStretegy’s bitcoin Stating that his strategy did not work, Peter Schiff stated that this was understood from the company’s BTC losses.

Expressing his willingness to discuss with Saylor the company’s Bitcoin strategy BTC his nemesis, Schiff, claimed that Saylor had turned down invitations to debate.

“I think it’s really ridiculous that Michael Saylor still claims that Bitcoin investment is successful.”

Stating that he believes MicroStrategy is on the way to collapse, like Celsius, which went bankrupt, Peter Schiff said, “MicroStrategy stock is currently overvalued, but eventually MicroStrategy stock will also drop in price, well below what it was when they started buying Bitcoin.” said.