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October 4, 2022
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Peter Schiff: BTC could go up to $ 100,000 –

The boom on the Bitcoin market probably impresses even the greatest critics of the cryptocurrency. However, there are those who still believe that BTC will eventually collapse and will be worth zero dollars. Peter Schiff once again spoke about the digital currency. – While a temporary jump to $ 100,000 is possible, a permanent drop to zero is inevitable – argues.

Peter Schiff on BTC

The man who once said that “Bitcoin will never make it [ceny] 50,000 USD “now he had to change his mind. Reason? BTC already costs over $ 50,000.

Recall that in 2019 CNBC journalist Joe Kernen speculated that Bitcoin’s price would reach $ 55,000 by May 2020. Peter Schiff then mocked him, saying it was completely impossible. Currently, however, one Bitcoin costs about USD 51,000.

Following what happened on the cryptocurrency chart, Schiff concluded that the BTC rate of $ 100,000 “Not excluded”, but “A permanent decline to zero is inevitable.”

The case gained additional spice as his son, Spencer, a Bitcoin supporter, laughed at his father’s inability to admit that he might have been wrong about Bitcoin.

One of the toughest opponents of BTC in the world

Earlier, Schiff had already made several erroneous predictions about Bitcoin’s price. Now he claims that “he was wrong” as to the possibility of the BTC rate, but still believes that the cryptocurrency is “The biggest bubble” on the financial market.

It is worth adding that even some of his gold forecasts turned out to be inaccurate. In 2010, Schiff said the gold price would be “$ 5,000 to $ 10,000 an ounce in the next 5 to 10 years.” In fact, the price of the precious metal barely exceeded the $ 2,000 mark in 2020 before dropping to $ 1,700.

Current Bitcoin rate and other cryptocurrencies, you can always check the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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