Opinion: BTC will not be able to reach $100,000
On Friday, the BTC price fell to $8600 in a matter of hours. Peter Schiff, a popular economist, and financial broker did not hide his joy from the sharp drop in the BTC price and noted that the price of the asset will never reach $100,000. He also tweeted that pumping the bitcoin is “finally over” and warned about the upcoming reset.
The economist is well known for his negative attitude towards cryptocurrencies. A few days ago, when the BTC price jumped to $10,350 from $7,400 in less than 24 hours, Schiff called it the results of the Bitcoin Whales.
A true critic of the first cryptocurrency did not explain his position, remaining committed to keeping the gold stock. However, the crypto community has long been accustomed to its pessimistic and negative views and calls to invest in precious metals, rather than in the cryptocurrency.