The famous economist Peter Schiff, also known as the “Golden Bug,” expressed that there is a big change in Bitcoin and that the price could drop even further.
Gold enthusiast Peter Schiff, who has repeatedly referred to Bitcoin as a bubble, said in a statement on Twitter that the BTC price will drop even more.
The economist said in his post that last week, gold saw a 4% increase, silver saw a 10% increase, the VanEck gold miners index saw a 7% increase, but Bitcoin ETFs saw a 5% decrease, and the shares of the biggest institutional Bitcoin whale MicroStrategy saw a 16% decrease in performance.
He stated that this represents a big change and expects the rise in gold and the continued decline in Bitcoin to accelerate. Schiff emphasized that he warned everyone about this.
In a statement last month, Peter Schiff said he has known about Bitcoin since 2010 and expressed regret for not investing when it was trading for a few dollars.
