Nicknamed the “Golden Bug”, Peter Schiff said that for Bitcoin (BTC) to rise, the NASDAQ index, which it has been in a strong correlation lately, should start to appreciate, while gold should depreciate.
March 14 Bitcoin critic and opponent who shared the scenario necessary for Bitcoin to rise in his post on Twitter Peter SchiffHe said that in the case of the scenario, it would not be necessary to own Bitcoin.
Schiff, in his post, for Bitcoin to start to rise The NASDAQ index, which has been in a strong correlation recently, started to gain value. should and the price of gold falling instead of gaining in value said it should.
For this scenario to happen US Federal Reserve (Fed) without harming the economy reduce inflation to 2% stating that he should schiffthis minimum rate hikes and massive cuts in government spending stressed the need
schiff also at the end of the post, “But why should we have Bitcoin in this scenario?” In case the possible scenario occurs, by giving place to the statements It will not be necessary to have Bitcoin expressed..
Schiff, with another post he made earlier in the day. Bitcoin investors about a possible price collapse had warned.
GameStoptwo days in a row 15% lost value and AMCof 5.5% emphasizing the fall schiffin this direction Bitcoin is the next asset to crash had stated.
CoinGecko According to the data, at the time the news was written last 24 hours inside 0.8% depreciating bitcoin, at $38,707 is being traded.
