Bitcoin (BTC) anti-Peter Schiff made statements about Bitcoin on Twitter. Schiff still believes that a collapse in Bitcoin is coming.
Bitcoin (BTC) anti-Peter Schiff Believes in Bitcoin Collapse
Schiff said on Twitter:
“The Bitcoin pumpers at CNBC are throwing nothing but soft balls at Novogratz, who basically admits that the entire Bitcoin rally is due to existing HODLers buying more. Institutional adoption is over. Blockchain is out of time. Get ready for the next crash.
Novogratz also admitted that when the price of Bitcoin rises, it is easier for HODLers to persuade their friends to buy. Classic pumping and dumping manipulation.
The #Bitcoin pumpers on @CNBC throwing nothing but softballs to @novogratz, who basically admitted the entire Bitcoin rally was driven by existing #HODLers buying more. Institutional adoption is over. The #blockchain letter has run out of chain. Get ready for the next crash.
— Peter Schiff (@PeterSchiff) April 11, 2023
It is important to note that these statements are purely the opinions of the person making them and do not necessarily reflect the general sentiment or state of the cryptocurrency market.
While it is true that Bitcoin has seen significant price increases driven by HODLers and institutional adoption may have slowed, there are many factors that could affect the market in the future, such as regulatory changes or technological developments.
As for the idea of "pump and dump" manipulation, it's important to keep in mind that the cryptocurrency market is still relatively new and decentralized, meaning it can be subject to volatility and speculative behavior.
However, it should be noted that many legitimate investors and institutions are in the market and the overall trend of cryptocurrency adoption and development is still advancing.
Ultimately, it's up to individual investors to do their own research and make informed decisions about their investments.
*Not investment advice.
