$BULLA Renowned economist Peter Schiff warned Thursday that Bitcoin (CRYPTO BTC) could crash to $20,000 or lower, urging market participants to exit before it’s too late.
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Bitcoin, which, according to him, is on the verge of sliding below $50,000, could drop even further to $20,000, marking an 84% drawdown from its all-time high.
“I know Bitcoin has done that before, but never with so much hype, leverage, institutional ownership, and market cap at stake,” he added. “Sell Bitcoin now!”
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Bitcoin breaks $50K, which looks likely, it seems highly likely it will at least test $20K. That would be an 84% drop from its ATH. I know Bitcoin has done that before, but never with so much hype, leverage, institutional ownership, and market cap at stake. Sell Bitcoin now
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