After Bitcoin plunged below $21,000, prominent crypto hater and investor in gold Peter Schiff shared a chart which, to him, shows that the flagship digital currency is likely to test $5,000.
In the meantime, chief of Galaxy Digital Mike Novogratz believes $20,000 may be the bottom for Bitcoin, although he added that it may certainly go lower.
"Hard to imagine BTC not testing the lower line"
CEO of Euro Pacific Capital and founder of SchiffGold, prominent wealth manager and economist Peter Schiff has taken another jab at Bitcoin, seeing it plummeting from the $30,000 level.
Earlier this year, he has several times shared his expectations of Bitcoin falling substantially below the $30,000 level. If it happens, he tweeted at the start of the year, then BTC is likely to go all the way down to $10,000.
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https://u.today/its-better-to-sell-bitcoin-now-and-rebuy-lower-peter-schiff That’s a very absurd idea as you would still want to sell despite of a huge market crash. It’s like you are selling for a loss, and not to create more profits. Though it’s good to buy considering the market offers cheap potential coins, but selling bitcoin at the same time is never a good idea. Now is the time to buy as it could attract visible profits in the future, selling will likely be more profitable if bitcoin price is skyrocketing.