Fierce Bitcoin Critic Peter Schiff Warns 'An Even Bigger Crash Likely Lies Ahead' For King Crypto
Portfolio Pulse from Benzinga Neuro
Economist Peter Schiff warns of a potential larger crash for Bitcoin, citing its significant drop from November 2021 to a year later and the current bullish sentiment among holders. Despite recent gains, including a 24.7% increase in the last 30 days and reaching an all-time high of $73,750.07, Schiff remains skeptical of Bitcoin's value.
March 19, 2024 | 11:47 am
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Peter Schiff's warning about a potential larger crash for Bitcoin could influence investor sentiment, possibly leading to increased volatility or a short-term decrease in Bitcoin's value.
Given Schiff's prominence as an economist and his historical skepticism towards Bitcoin, his warnings could lead to cautious trading behavior among investors. The recent gains and all-time high might make Bitcoin particularly sensitive to negative sentiment, potentially resulting in a short-term impact on its price.
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