Famous economist Peter Schiff, nicknamed the “Golden Bug”, suggested that the situation we are in is not a crypto winter, but a “crypto extinction”.
Schiff tweeted on November 14. in sharingBitcoin (BTC) after FTX crash With a drop to $15,500 in the cryptocurrency market we are in a situation crypto winter not, “crypto extinction” stated that.
Despite this, the famous economist Schiff, who stated that blockchain technology will continue to remain in our lives, used the following statements in his statement:
This is a crypto winter and not an ice age ending even a few million years. This is a crypto extinction. Blockchain will live on and gold will rise to pioneer a new type of asset, crypto.
There was a lot of reaction from Twitter users to this post of Peter Schiff. Some people Schiff You’ll be wrong in 2 years is thinking.
Last August, Schiff, 20,000 in dollar levels Bitcoin (BTC) He claimed that the buyers would finish before the sellers. Schiff will have been right in his thought that Bitcoin has been around since then. 20% suffered a loss in value.