Famous economist Peter Schiff, nicknamed “Gold Bug”, stated that there is a big change in Bitcoin and that the price could drop even further.
Gold enthusiast Peter Schiff, who has repeatedly described Bitcoin as a “bubble”, said on Twitter that the BTC price would drop even further.
In his announcement, the economist said that gold rose by 4% last week, silver by 10%, VanEck’s gold miners index by 7%, but Bitcoin ETFs by 5% and the shares of the largest institutional Bitcoin whale, MicroStrategy, fell by 16%.
He stated that this represents a big change, and he expects that the rise in gold and the further decline in Bitcoin will accelerate. Schiff emphasized that he warned everyone about this.
Last month, Peter Schiff stated that he had been aware of Bitcoin since 2010 and admitted that he regretted not investing when it was trading for a few dollars back then.
