‘OK Doomer’ — Peter Schiff Is Convinced Bitcoin Will Now Crash to $1K
William Suberg's original article for cointelegraph.com reduced by 58%
Bitcoin proponents have ridiculed one of the cryptocurrency's most infamous critics after he delivered a highly bearish price prediction. Another attempt saw Schiff take a photograph of a Bitcoin price chart on his computer screen, which led to ridicule. Schiff is well known for his dubious Bitcoin price commentaries.
Despite appearing convinced Bitcoin is doomed to fail, previous insights have proven false, something which was not lost on its supporters. Schiff has yet to guess the market trajectory correctly. Other, longer-term warnings from Schiff include Bitcoin never reaching $50,000, while gold should top $5,000.
In late October, during the upward price move he referenced in Friday's tweet, Schiff accused investors of manipulation as BTC gained 30% over gold.
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CN [too long; didn’t read]
Summarised crypto news.