Bitcoin To Fall Below $18K? Gold Bug Peter Schiff's Prediction
Bitcoin and its latest rally over $21K came as a shock to many. Gold proponent, Peter Schiff, however, topped this list. Just a couple of days ago, Schiff urged investors to sell their Bitcoin as the king coin hit $19K by calling it a “better opportunity to sell.” Now, as BTC is on an upward trajectory, Schiff was back with a new prediction. Earlier today, a Twitter user called out Schiff for his advice. But, the gold bug seemed unwavering as he noted how Bitcoin could tumble below $18K in no time. He tweeted, “That was good advice. Bitcoin will be well below $18K” Time and again, Schiff has put forth a rather bearish forecast for Bitcoin. Negating its growth, Peter Schiff dismissed BTC as a speculative asset. He claims that, despite the common perception that Bitcoin has some intrinsic value beyond merely speculative demand, nobody actually knows what gives it its value. It should be noted that the persistence of the latest rally was questioned by m...