Peter Schiff urges preparation for the next Bitcoin $BTC crash...again bitcoin btc peterschiff cryptonews cryptocurrencies
was driven solely by existing holders buying more and not due to institutional adoption. Schiff claims that the"blockchain letter has run out of chain," implying that the hype surrounding Bitcoin's underlying technology has faded away. At the end of his speech, he also urged investors to"get ready for the next crash."Schiff's comments come at a time when Bitcoin is experiencing another period of price appreciation this year.
However, Schiff remains skeptical of Bitcoin's long-term viability and has been a vocal critic of the cryptocurrency for years. He previously predicted that Bitcoin's price would drop to zero and has compared it to a Ponzi scheme.
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