While the decline in Bitcoin reached the level of $ 63,000, there is now only one question in mind: “Will the decline in BTC continue?”
While the answer to this question is yes, according to some analysts, others say that Bitcoin will continue to rise where it left off.
At this point, Peter Schiff, who is known as an enemy of Bitcoin and denigrates Bitcoin at every opportunity he gets, argued that the decline will continue.
Sharing on account X, Schiff referred to the enthusiasm during the rise in 2021 and pointed out that BTC experienced a major collapse after this enthusiasm.
Stating that the ATH enthusiasm in 2021 is the same as the current enthusiasm, the famous name claimed that Bitcoin will experience a bigger collapse for this reason.
“HODLers, remember how bullish you all were in November 2021 when Bitcoin was trading at $69k? I do. A year later, Bitcoin was trading almost 80% lower at under $16k.
“Given that most of them are currently trending even more bullish, an even bigger crash in BTC is likely ahead.”
#HODLers, do you remember how bullish you all were in Nov. 2021 when #Bitcoin traded $69K? I do. How many still have your laser eyes? A year later Bitcoin traded below $16K, almost 80% lower. Given that most are even more bullish now, an even bigger crash likely lies ahead.
— Peter Schiff (@PeterSchiff) March 19, 2024
*This is not investment advice.
