Bitcoin critic wants Bitcoin to hit $5k

Bitcoin Critic Peter Schiff Mocks Hodlers After MicroStrategy Sells 700 BTC. Read This Full Report

Peter Schiff claimed that 2023 will bring more sell pressure in the Crypto market.

Peter Schiff is a popular Bitcoin critic and in the past, he passed many negative comments over the volatile & decentralised nature of Bitcoin. By profession, he is an economist & Global strategist and he believes Bitcoin is backed by nothing.

On 30 Dec, Peter Schiff tweeted that Crypto Investors should not think that 2022 was a bad year because 2023 will bring a very bad situation, worse than 2022.

“If #crypto investors think 2022 was a bad year wait until they get a load of 2023. Despite this year’s 65% collapse, the faithful remain optimistic that #Bitcoin    will soon moon to new highs.”

Further, he added that it will be enough for Bitcoin to hit $5k, to create fear among Bitcoin investors & holders. 

Later on 31 Dec, Peter claimed that 700 BTC sold by Microstrategy was not any kind of tax saving strategy, because they are already holding a very big amount of Bitcoin which was in loss by approximately 50%. 

On the same day, Peter compared Bitcoin with Gold and noted that Gold performed more perfectly than Bitcoin, where bItcoin secured a 1% gain while Bitcoin was down by 64%. 

It is worth noting that, once Peter claimed that Bitcoin will fall badly. At that time the price of Bitcoin was $3,800 but after that Bitcoin pumped and touched $69k.

Read also: Robert Kiyosaki says I am very excited about Bitcoin

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Jitender
Jitender

Bitcoin trader & investor since 2013. Love to share valuable information among people who don't believe in Blockchain technology and based cryptocurrency

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