Peter Schiff, a famous Bitcoin critic and opponent, explains on Twitter the possible reasons for this, saying that gold will rise soon and the short-term rise of the leading crypto will end. For details, continue reading Kriptokoin.com.
“Gold will leap, Bitcoin (BTC) dead cat leap will end soon”
It should be noted that such statements are not the first of SchiffGold founder’s predictions that ‘Bitcoin’s end is near’ . The billionaire investor, also known as the “golden wolf”, reminds in his tweet that the price of crude oil rose to the level of $ 106, and says that he expects it to rise to $ 140 after that. According to Peter Schiff, gold will be the next asset to rise.
The golden wolf indicates that the yellow metal will rise from its current price level of $1,924 to $1,950, with an all-time high on the horizon as soon as it crosses $2,000. Later, Peter Schiff predicts that the dead cat bounce in the stock market and the rise in Bitcoin (BTC) will end:
Oil broke out as the price exceeded $106. It is clearly trading up to $140. Gold is probably next. Once the price breaks above $1,950, I think it will surpass $2,000 to set a new all-time record. It also looks like a dead cat bounce on money-losing stocks and Bitcoin is gone!
Petere Schiff on Twitter in late January, BTC $35,000 When it fell, the leader wrote that he expects the coin to see a sudden drop as soon as it crosses the $30,000 level on its bearish path.
Whales amassed 11.78 million BTC
Digital gold has been on the rise since February 28, when it rose from $38,000 above the $40,200 line and then rose higher. Today, it hit a local top above the $45,000 level. Currently, BTC is at the price level last seen on February 15. However, Bitcoin has been falling since November 10, when it reached a historic price peak of $68,789. BTC is currently down 40% since its all-time high. According to
Glassnode and IntoTheBlock reports, large investors have been actively accumulating Bitcoin lately. In the past 30 days, BTC wallets that bought Bitcoin for the first time more than a year ago have added 4.13% to their holdings. They now hold a staggering $516,369,232,000 worth of BTC.
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