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Popular Bitcoin critic implies that BTC will never reach $25,000

  • Cryptocurrency critic, Peter Schiff, has said that no price point can persuade him to purchase Bitcoin. 
  • Schiff also refuted the plausibility of Bitcoin ever reaching $25,000.

Peter Schiff, a popular cryptocurrency critic, has implied that Bitcoin will never reach $25,000 and added that no price point would cause him to “panic-buy.” He said this in response to a poll published by NonSell.com asking the community members to predict the price that would cause Schiff to “panic-buy” BTC.

In another tweet, Schiff created a poll mocking his crypto-supporting debate partner, Max Keiser. 72% of the poll respondents predicted that Keiser would ride BTC’s price down to zero before selling off. 

In a subsequent tweet, Schiff said that despite Grayscale buying “more than 100%” of all bitcoin since May’s halving event, the price for BTC has continued to fall, indicating a selloff by whale investors.


 

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