Gold Defender Peter Schiff: “Your Bitcoin Assets…”

Bitcoin and anti-cryptocurrency Peter Schiff underlined that Block.fi is not functioning as usual. Schiff is also one of those who think that such events will repeat in the near future. According to the famous name, investors in order not to lose bitcoin all of their assets must sell.

As a matter of fact, contrary to what Schiff stated, the top 10 leading cryptocurrency FTX is the only exchange that cannot fully perform transactions between its exchanges.

Koinfinans.com As we have reported, the reason for the developments on the Block.fi front is actually directly from FTX. The crypto lending and borrowing platform has announced that it has stopped withdrawals. He advised his clients to refrain from depositing funds until further notice.

Peter Shiff Bitcoin review

Cryptocurrency opposer Peter Schiff isn’t the only reason for making a statement against Bitcoin. It’s not an FTX drama. According to economists, CPI data should not be interpreted as a “strengthening” factor for Bitcoin or the cryptocurrency market in general.

Schiff’s reasoning is based on the downturn in light of events on the FTX front. A staunch gold supporter, Schiff believes the market is too risky to enter at this point.

Of course, it is not normal to expect Bitcoin praise from someone who is a gold supporter and an anti-crypto. However, as he stated, the S&P 500 rose 5% with the expected good CPI data. However, Bitcoin did not close the day very well. However, most altcoins showed investors double-digit gains yesterday, with some even returning to pre-FTX bearish levels.

You can follow the current price action here.

Disclaimer: What is written here is not investment advice. Cryptocurrency investments are high-risk investments. Every investment decision is under the individual’s own responsibility. Finally, Koinfinans and the author of this content cannot be held responsible for personal investment decisions.


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