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#CryptoMarketPullback Bitcoin critic Peter Schiff issues call to cryptocurrency holders!
Known for his anti-cryptocurrency statements, Peter Schiff has made a new call as Bitcoin price hovers around $100,000.
Economist Peter Schiff, known for his anti-cryptocurrency views, described Bitcoin trading at around $100,000 as a “must-not-miss opportunity” and urged investors to sell.
Schiff argued that the current price level is not sustainable in the long term, suggesting these levels may never be seen again in a lifetime, and advised Bitcoin holders to sell without delay.
Schiff’s comments quickly sparked debate on social media. Some users reminded that the economist issued similar warnings when BTC rose to $1,000 twelve years ago.
Among the criticisms directed at Schiff was the question, “If $100,000 is a historic opportunity, why are you recommending selling?” Schiff responded to this by saying that due to an upcoming price decline, Bitcoin might never rise above $100,000 again.
Schiff has long been known as a strong advocate of gold and points to Bitcoin’s underperformance compared to gold after its recent rally.
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