Bitcoin Confession from Gold Supporter Broker!
Bitcoin confession came from gold supporter stock broker.
Peter Schiff announced that he was wrong about Bitcoin.
World-famous stockbroker
Peter Schiff, known for being a gold supporter, often comes up with his negative comments about Bitcoin. The gold supporter, who continued his comments after the rise of gold, had to admit that he was wrong this time.
On September 6, the famous investor had an argument with Gemini co-founder Tyler Winklevoss on Twitter. Speaking to Winklevoss about
Bitcoin rising above $ 12,000 on August 17 and then falling below $ 10,000, Schiff responded by Winklevoss that $ 10,000 is the mainstay for all future falls of the leading
cryptocurrency. On this, Schiff wrote that he was waiting for a bearish action, reminding that Bitcoin could consolidate before a crash. Schiff said;
“The more the 10K support level is tested, the weaker it gets.”
“Markets rarely give their investors the chance to buy at the bottom.”
“Wrong About Bitcoin”
Twitter user Sharkybit, who was involved in the discussion, reminded the words of gold supporter Schiff and shared a screenshot of Schiff's prediction that the Bitcoin price will decrease as gold rises on July 5th.
After sharing, Schiff admitted, “I was right about gold, but I was wrong about Bitcoin.”