Peter Schiff, Chief Economist and Global Strategist, predicts that even after the current crypto market conditions, “Bitcoin still has a long way to fall.”
In his recent tweet on November 19, 2022, Peter Schiff wrote about Bitcoin. He noted that the most-traded cryptocurrency, “Bitcoin is only down with 1%. And the Grayscale Bitcoin Trust is down 7%. It’s trading at a 46% discount to its reported NAV. This could be the next shoe to drop. Maybe $GBTC lost some, or most of its Bitcoin. The market is indicating a major problem. This isn’t good for Bitcoin.”
#Bitcoin is only down 1% today. The #Grayscale Bitcoin Trust is down 7%. It’s trading at a 46% discount to its reported NAV. This could be the next shoe to drop. Maybe $GBTC lost some, or most of its Bitcoin. The market is indicating a major problem. This isn’t good for Bitcoin.
— Peter Schiff (@PeterSchiff) November 18, 2022
After the following tweet, LuckSide Crypto, a Crypto Enthusiast, replied to Mr. Schiff that “
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