Peter Schiff, an economist and staunch Bitcoin critic, has reiterated his bearish stance on the price of Bitcoin (BTC/USD), noting that the benchmark cryptocurrency could dip below $10,000.
Bitcoin trades at $24k- Peter Schiff says $10,000 is comingAccording to Peter Schiff, putting Bitcoin’s “rally into perspective” reveals bears are still very much on top.
pic.twitter.com/OHNhwsgxxs — Peter Schiff (@PeterSchiff) August 14, 2022Bitcoin fell to lows of $17,600 in June as the bear market intensified amid broader crypto market turmoil.
— Michael Saylor⚡️ (@saylor) August 14, 2022Bitcoin (BTC/USD) is trading around $24,150 at the time of writing, down about 1.7% in the past 24 hours after retreating from intraday highs of $25,093 on Sunday.
The post Peter Schiff maintains bearish stance on Bitcoin, Michael Saylor says it offers ‘hope’ appeared first on Invezz.
Disclaimer: This story is auto-aggregated & summarized by a computer program and has not been created by TokenAround.