Peter Schiff Thinks BTC Will Eventually Be Worth Nothing.
20 Mar 2023, 08:00
Peter Schiff Thinks BTC Will Eventually Be Worth Nothing
Economist Peter Schiff is confident that the price of bitcoin could eventually fall to $0. He also stated in a recent interview that the process won’t happen right away. Rather, he thinks it could be long and drawn out.
We Can Always Rely on Peter Schiff for Negative SentimentThis is certainly a big step away from the more bullish analyses we’ve been receiving over the past few months. Earlier today, we published an article talking about William Noble, who famously predicted that bitcoin would endure a bull run in 2020 and 2021 that would ultimately see it rise from the low $20K range to the $40K range… He was right.
In his latest prediction, Noble is confident that bitcoin could reach $56,000 in the next few months, a major step up from where the asset is currently. If this isn’t bullish enough for you, try your hand at Tim Draper, the venture capitalist who feels BTC could end 2023 at a price of more than $200K. Talk about thinking in the most positive terms!