Bitcoin Finally Crashing, Schiff Says
Photo: U.Today
Prominent Bitcoin critic and gold advocate Peter Schiff has stated that the world’s largest cryptocurrency is finally breaking down. Schiff’s gloating came after the price of the flagship coin plunged below the psychologically important $80,000 level. The economist believes that Bitcoin (BTC) could be heading toward $75,000, warning that a failure to defend this level could trigger even more substantial losses. “Bitcoin is finally breaking down. It’s hard to believe it’s held up this long,” Schiff wrote in a recent post on X. “Now that it’s below $80K, the next stop is likely $75K.
Source: U.Today
