The famous economist Peter Schiff, also known as the “Gold Bug”, expressed that there is a major shift in Bitcoin and that the price could drop even further.
The gold enthusiast Peter Schiff, who repeatedly referred to Bitcoin as a “bubble”, stated on Twitter that the price of BTC will fall even further.
The economist, in his post, pointed out that while gold increased by 4%, silver by 10%, and VanEck’s gold miners index by 7% last week, Bitcoin ETFs decreased by 5%, and the shares of the biggest institutional Bitcoin whale, MicroStrategy, fell by 16%, which represents a major shift. He mentioned that he expects the rise in gold and the acceleration of the decline in Bitcoin to continue. Schiff emphasized that he warned everyone about this.
Last month, Peter Schiff stated that he had been aware of Bitcoin since 2010 and expressed regret, saying that he wished he had invested when it was trading for a few dollars.
