Bitcoin at $10,000? Peter Schiff predicts a brutal crash as the cryptocurrency price falls below $68,000

Bitcoin has once again found itself at the centre of a familiar debate: is it still a long-term winner, or is the risk now too high for new investors?

The world’s largest cryptocurrency slipped to $67,798.20, down 2.26% today, April 8 as broader markets turned volatile following renewed geopolitical tension after a series of attacks by the United States on Iran’s infrastructure. The overall crypto market cap stood at $2.33 trillion, while total trading volume came in at $84.39 billion, according to CoinMarketCap.

Bitcoin at $10,000? Peter Schiff predicts a brutal crash as the cryptocurrency price falls below $68,000

As Bitcoin slips to $67,798.20 amid geopolitical instability, experts debate its long-term prospects. Peter Schiff highlights the risks for new investors and notes that Bitcoin's gains have lagged behind traditional assets like gold and the S&P 500 over past five years.

Bitcoin has once again found itself at the centre of a familiar debate: is it still a long-term winner, or is the risk now too high for new investors?

The world’s largest cryptocurrency slipped to $67,798.20, down 2.26% today, April 8 as broader markets turned volatile following renewed geopolitical tension after a series of attacks by the United States on Iran’s infrastructure. The overall crypto market cap stood at $2.33 trillion, while total trading volume came in at $84.39 billion, according to CoinMarketCap.

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Bitcoin’s own market capitalisation fell 2.2% to $1.35 trillion, even as its 24-hour trading volume rose 5.49% to $33.91 billion. The move lower also wiped out the previous day’s gains, when Bitcoin briefly climbed above the $70,000 mark for the first time since March.

And just as Bitcoin stumbled, longtime crypto critic Peter Schiff jumped in with another sharp warning.