Will the most famous cryptocurrency be worth 0.0000 by the end of the year?
The most famous and strongest cryptocurrency could lose all value before the end of the year, according to Peter Schiff, investor and CEO of “Euro Pacific Capital”.
Crypto-skeptic Peter Schiff insists that bitcoin has no value and that the digital token is on the verge of a new decline. He said on Twitter that the best cryptocurrency is on its way to falling to $ 10,000 or even lower.
“This is a long-term bitcoin chart. “Imagine how bad this chart will look when bitcoin falls below $ 30,000,” Schiff wrote on Twitter, adding: “A drop to $ 10,000 would seem like a lock, but there is no reason to believe that this level will be maintained as a permanent threshold.” If this double top is completed, the real floor is zero. “
Schiff, CEO of Euro Pacific Capital, has often been critical of cryptocurrencies, arguing that bitcoin is a massive speculative bubble that will explode.
The economist, best known for predicting the financial crash of 2008, said two years ago that he couldn’t access his bitcoin funds after he stopped accepting his digital money. Noting that this isn’t a great tragedy, he said: “I knew that owning bitcoin was a bad idea, I just never realized that it was so bad!”
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