He explained that “The need to sell bitcoin to pay the bills will only get worse as the recession deepens,” adding that bitcoin is poised to crash to $20K while ether will sink to $1K.Gold bug Peter Schiff, the chief economist and lead strategist at Euro Pacific Capital and founder of Schiffgold, has made some dire predictions about bitcoin, ether, and the crypto market in general.Bitcoin looks poised to crash to $20K and ethereum to $1K … Don’t buy this dip. You’ll lose a lot more money.
Schiff further explained in several tweets Sunday: “With food and energy prices soaring, many bitcoin Hodlers will be forced to sell to cover the cost. Grocery stores and gas stations don’t accept bitcoin.” The economist noted: “When Bitcoin crashed during Covid no one needed to sell. Consumer prices were much lower and Hodlers got stimulus checks.”The need to sell bitcoin to pay the bills will only get worse as the recession deepens and many Hodlers lose their jobs, especially those working for soon to be bankrupt blockchain companies.
That's a lie. We will stay in this range for a while and then the growth will start.
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As a Bitcoin OG this guy has no right to talk about Bitcoin
My plan is to DCA down on the recession with money I can spare the next couple of years. Small buy every week. If the market crashes completely then there are bigger things to worry about, if it recovers in the next 3 years then I have a nice piggy bank.
a única coisa que perde , e deixar dinheiro girando na mão dos governos , corruptos
Buying.
He's not wrong about this one
Take your suit off Peter. Gold is shit as well.
CryptoCapo_ bottom will be in 😎
It's very dangerous to swim now ,,you Can drowing in markt crypto
Article is very sophisticated but lacks of logic and seems intentional
ZaidSameer6 GM
And this statement only provokes more panic in the market.
Before attack just read what he says. What he says is reasonable. Inflation is destroying the economy and recession is at the door and people need monetary cash. It makes sense to me. BTC BitcoinCrash Bitcoin Ethereum
Past performance does not guarantee future results, but this (Schiff warning of crashes) has historically been the best contrary indicator and buy signal.
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why is bitcoin currently in the bear's abyss. my opinion because the big countries looking to adopt bitcoin see the current price of bitcoin too big for them to buy as a reserve. bitcoin is a community free from government pressure
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listen to this guy! he is right.
He is spoken! Signal to buy more sats!
Well might be true….. recession is coming so possibly it might go down further…..
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Ban FTX the founder is the one that dumped on ETH holders, BanSam
Calling on the world to decentralize wealth. Do you think it might be time to listen to the voice of reason?
Finally bottom is near!
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it works MATICx1O
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Someone finally speaks the truth Sad though But he's right $PAW
Broken clock is right twice a day
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That means this a strong signal to buy btc 🤫🔥✨
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every time he opens his mouth it goes down, it won't go as low as he says
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Just hodl.
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