Famous economist Peter Schiff, also known as the “Gold Bug,” expressed that there is a significant change in Bitcoin and the price may fall even further.
Peter Schiff, who has repeatedly described Bitcoin as a “bubble,” stated on Twitter that the price of BTC will drop even more.
The economist, in his statement, mentioned that gold had a 4% increase, silver had a 10% increase, VanEck’s gold miners index increased by 7%, but Bitcoin ETFs by 5%, and the shares of the largest institutional Bitcoin whale MicroStrategy declined by 16%.
Emphasizing that this represents a major change, the analyst indicated that he expects the continuation and acceleration of the rise in gold and the decline in Bitcoin. Schiff emphasized that he has warned everyone about this.
Last month, Peter Schiff stated that he has been aware of Bitcoin since 2010, and he regretted not investing in it when it was trading for a few dollars.
