Talking about the crypto market crash, economist Peter Schiff tweeted, “If Bitcoin can collapse by 70% from $69,000 to under $21,000, it can just as easily fall another 70% down to $6,000.” He added, “Given the excessive leverage in crypto, imagine the forced sales that’d take place during a sell-off of this magnitude. $3,000 is a more likely price target.”
Bitcoin can reach $2,000 but never $200,000: Economist Schiff
Economist Peter Schiff has responded after Davinci Jeremie, an early Bitcoin adopter, asked him that out of the two, $2,000 and $200,000, which price level will Bitcoin achieve first. “$2,000 is the only price that happens… $200,000 never happens,” Schiff said. Recently, Schiff predicted that Bitcoin could crash to $20,000 and warned investors against buying the dip.
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