bitcoin known for his comments Peter Schiff He entered a new expectation with Bitcoin seeing the bottom. According to Schiff, after the $30,000 line is crossed, a sudden drop could begin.
In a tweet on the subject, the well-known gold investor and Bitcoin critic said, “No one is too panicked as Bitcoin is slowly falling right now and there is still hope in them. At some point, there will be a sudden drop. See below when $30,000 is broken!”
So far the decline in #Bitcoin has been very orderly. No one is panicking yet. It’s sliding a slope of hope. At some point there’ll be a flash crash. That’s how these declines typically end. This flash crash may not even start until after Bitcoin breaks $30K. Then lookout below!
— Peter Schiff (@PeterSchiff) January 21, 2022
Before this Tweet, Schiff tweeted that after Bitcoin started to drop below $30,000, the rapid decline is likely to bring the price down to $10,000.
However, it is known that Schiff made a statement in the past that “Bitcoin will never go above $10,000 again”, but BTC has risen to $69,000.
Michael Saylor Hit the Bottom!
actually @saylor is currently in the lead, as $MSTR is down 70% from its high. Today’s 14% drop allowed Saylor to widen his lead. But it’s still anyone’s race. Unfortunately no matter who wins, all their investors will lose!
— Peter Schiff (@PeterSchiff) January 21, 2022
Microstrategy is known to hold more than 124,000 BTC. Referring to Microstrategy CEO Michael Saylor, who gives the message “We will not sell our Bitcoins” at every opportunity, Peter Schiff stated that Microstrategy shares (MSTR) decreased by 32 percent on an annual basis and fell by 70 percent from its highest level.
Michael Saylor’s bitcoin Stating that he gambled, Schiff used the following statements for MSTR shares, which decreased by 32 percent in 2021:
“The 40 percent gain in 2021 has been completely erased. MSTR is currently in serious decline. Saylor’s gamble paid off in the first months of 2021, but now all those profits have turned into losses.”