Peter Schiff is Right, BitCoin is well on its way to complete collapse
Now that BitCoin is below 20,000 Margin Calls will force MASS SELLING soon enough...
It does not matter if a Ponzi Scheme is based on Tulips, Based on Chain Letters, or Based on Blockchain. No matter what method you use to run a PONZI SCHEME... Nothing changes the fact that BitCoin has zero intrinsic value, is a PONZI and will collapse like every PONZI in history.
SCARCITY means nothing: There are only a finite number of shares of Celsius, that does not give them value... I have only 1000 tokens of HARD FACTS NFT's available, there will never be more than 1000 in existence... That does not make them worth a million dollars.
For those of you that are so CULT LIKE in your beliefs, and refuse to accept facts and the reality of what is now happening: Talk is cheap, make sure you take out a second mortgage on your homes, run up your credit cards, and " BUY THE DIP "
This is the dot com crash except for crypto. It doesn't mean there was no more internet, it just meant the speculation was rampant and there were too many fly by night scams in the space. BTC will still exist 10 years from now and probably worth more than it is today. As far as how low it can drop, 10x from the high is about $6700. It's done this before on several occasions.