Critic Peter Schiff Issues Warning About the Future of Bitcoin and Cryptocurrencies

As the sharp decline in cryptocurrency markets continues, renowned economist and cryptocurrency critic Peter Schiff issued a striking warning on the X platform. “The cryptocurrency market continues to ￰0￱ has fallen below $110,000, and Ethereum has fallen below $3,700,” Schiff ￰1￱ said that if Ethereum falls below its critical support level of $3,350, the price could fall to as low as $1,500, representing a roughly 70% drop from its all-time ￰2￱ also noted that Bitcoin's price could fall to around $75,000 in the same scenario, arguing that “all of Strategy's paper gains would be wiped out.” Related News: Legendary Author Robert Kiyosaki Gives the Red Alert - “It Will Happen This Year” - Surprisingly Points to Ethereum “Bitcoin didn't go up today; gold and silver went up while Bitcoin went down… it's a risk asset, not a safe haven asset,” Schiff ￰3￱ also claims that gold and silver can gain value even in an environment where the dollar is rising, and that this rise will accelerate even more if the dollar weakens. *This is not investment ￰4￱ Reading: Critic Peter Schiff Issues Warning About the Future of Bitcoin and Cryptocurrencies