Bitcoin Rebounds to $80K Hours After Peter Schiff Warns of Drop to $75K
Photo: TheCoinrise
The gold advocate's bearish call came just before bitcoin's price moved back above the $80,000 mark. Bitcoin returned to the $80,000 level almost immediately after economist Peter Schiff said the cryptocurrency was headed for a crash to $75,000. The timing drew swift attention across crypto trading circles, where Schiff's predictions are closely tracked, often skeptically. Schiff, a well-known gold investor and vocal bitcoin skeptic, has repeatedly argued that the asset lacks intrinsic value and is prone to sharp downturns. His latest comment framed the expected drop to $75,000 as evidence that bitcoin was finally entering a sustained decline.
Source: TheCoinrise
