Peter Schiff has taken to Twitter to say that Bitcoin prices will fall further in 2023, and Bitcoin holders’ confidence will be shaken. Schiff is a noted economist and skeptic of cryptocurrencies who has been expressing his skepticism through Musk’s Twitter.
Schiff in his tweet mentioned that the people who are loyal to Bitcoin think that the price of the crypto will rise in 2023. He said that Bitcoin will fall under 5000 USD in the coming year and that will shake the confidence of the Bitcoin holders.
The economist is getting mocked for the ridiculous prediction.
Schiff and his Bitcoin criticism
He urged cryptocurrency holders to sell their holdings and use the proceeds to buy physical gold in a Thursday interview with TD Ameritrade Network before they lose everything.
“Get out of crypto, is my counsel to folks. You may still sell your useless Bitcoin for close to 17,000 USD. I would advise you to use it to purchase some gold,” he replied.
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