Peter Schiff says that Bitcoin will never reach $100,000 and he has alway been wrong about crypto (IGNORE THE NOISE)
For someone who hates crypto so much, Peter Schiff sure gives or spends more time on Bitcoin and Crypto and also tweets more about Bitcoin and Crypto than Gold which he invests in, maybe it was because he was too forced on Bitcoin's down fall that he forgot he had a business to run which was why his bank in Puerto Rico was shutdown by the Puerto Rico regulators for not maintaining the net capital requirements which was part of the reason customers lost access to their accounts and also it was reported that his company was committing fraud like money laundering as well.
Peter Schiff saying Bitcoin will not reach $100k or that Bitcoin is going to Zero is no news to me, but am shocked that for someond who claims to be a financial and prominent economist has not learned from his mistakes over the year about Bitcoin, he has said lots of things about Bitcoin that ended up to be false everything time and i have proof below, he is just having a field day bashing Bitcoin right now due to the prolonged bear market condition. And Just like his previous predictions about Bitcoin that were wrong or false, this one is no different it will still end up being false. Bitcoin will surely hit $100k in the future and we all know that except him and his gang of crypto haters.
Peter Schiff tweet 2018:
Bitcoin just traded down to $6,000. That is 70% below its record high set in Dec. 2017. How much lower will the price have to fall before the HODLers FODL? My guess is most will hang on until the price is well below $1,000. Then the big problem will be finding buyers!
Peter Schiff tweet 2023:
If Bitcoin is a risk asset then what exactly is its value proposition? If investors want to take on risk they have an abundance of superior alternatives. Bitcoin already failed as a currency, digital #gold, and a non-correlated asset. It won't succeed as a risk asset either.
The year is just beginning and he has throughout some jabs at Bitcoin and Crypto, the funny thing is we will stillbe here when he is wrong again for one-millionth time.
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https://twitter.com/1460818780980973570/status/1612662859598643201
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Well, great things never lack critics and bad-wishers. I feel sorry for him thouhh. Good morning
Very truth, and I would love to see his face when bitcoin hit $100k eventually .
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His problem is he is a gold bug. His business is selling precious metals.
Traditionally when people want to hedge against the market, currency, or inflation, gold is the de facto “go-to”.
With crypto currency as an alternative, the money that would have gone to gold are no longer going to gold.
Crypto will take completely soon, he should keep crying.
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