Cyber Monday Deal: Up to 60% off InvestingProCLAIM SALE

‘Bitcoin Has Far More Downside Risk Than 70%’: Peter Schiff

Published 2022-12-06, 02:51 a/m
© Reuters.  ‘Bitcoin Has Far More Downside Risk Than 70%’: Peter Schiff
BTC/EUR
-
BTC/USD
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
BTC/JPY
-
BTC/GBP
-
BTC/GBP
-

  • Chief Economist Peter Schiff tweets that BTC could plunge more than 70%.
  • Head of Research states that investors lose confidence in digital assets as more crypto firms face a liquidity crunch.
  • Robertson predicts that gold could gain value by 30% to $2,250 per ounce.

Chief Economist and Global Strategist Peter Schiff shared a tweet where Standard Chartered (LON:STAN) Bank predicts Bitcoin to plunge by 70% to $5,000. Additionally, while adding more insight into the post, Schiff mentioned that $5,000 would not be the lowest that BTC could tank.

T ...

The post ‘Bitcoin Has Far More Downside Risk Than 70%’: Peter Schiff appeared first on Coin Edition.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.