Peter Schiff Predicts Bitcoin Price May Fall to $75,000
Peter Schiff criticized Bitcoin's performance as it drops below $110,000, following a peak above $123,000. He predicts Bitcoin may fall to $75,000, citing its recent losses and contrasting it with the rising prices of gold and silver.
Key Points
- Bitcoin price: $108,990.94, with a 0.54% increase in 24 hours
- Market capitalization: $2.17 trillion
- 24-hour trading volume: $59.6 billion, up by 32.49%
- Gold price increased by $35 to $3,480; silver up over $0.70 to $40.50
- Schiff advises investors to sell BTC while above $100,000
In related news, a Bitcoin whale sold 2,000 BTC for approximately $215 million and converted it to 48,942 ETH. This transaction highlights a shift in confidence from Bitcoin to Ethereum, with the whale's total ETH holdings now valued at over $4.07 billion.
The market outlook for Ethereum appears positive, suggesting potential price increases.