• News
    • Bitcoin
    • Altcoins
  • NFT
  • Metaverse
  • Analysis
  • Regulation
  • Learn
  • Market Cap
What's Hot

Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

2023-09-25

What is NBA Top Shot? A Beginner’s Guide

2023-09-22

Upland and KABOOM! Unite to Address Playspace Inequity

2023-09-22
Facebook Twitter Instagram
  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
Facebook TikTok Instagram YouTube
CryptoNewsMetaverse
  • News
    • Bitcoin
    • Altcoins
  • NFT

    U.S. IRS Considers Taxing NFTs Like Other Collectibles

    2023-03-21

    Meta Shuts Down NFT Project to Focus on FinTech and Content

    2023-03-14

    Solana’s Solend V2 Release, Is SOL Price $50 Next?

    2023-03-06

    Amazon NFT Marketplace To Reportedly Launch Next Month

    2023-03-06

    Blur Coin Under Fire As Allegations Of Wash Trading Emerge

    2023-03-01
  • Metaverse

    Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

    2023-09-25

    Upland and KABOOM! Unite to Address Playspace Inequity

    2023-09-22

    Decentraland Hosts the First Metaverse Architecture Biennale

    2023-09-20

    A Step Towards Global Medical Metaverse Collaboration

    2023-09-18

    Shandong Province Aims for 10% of Global Metaverse Market by 2025

    2023-09-11
  • Analysis

    DOJ Officially Seizes Over $456,000,000 Worth of Robinhood Shares Tied to FTX Founder Sam Bankman-Fried

    2023-01-08

    Mark Cuban Makes Prediction on Next Crypto ‘Scandal,’ Warns of Potential Implosion if Exposed: Report

    2023-01-08

    Binance Listings Cause Crypto Assets To Spike an Average of 41%: New Research

    2023-01-08

    Bitcoin Whales Unloaded BTC As Market Reversed and Parked Their Profits in This Crypto Asset Class: Santiment

    2023-01-07

    Crypto Analyst Predicts Breakout for AI-Focused Altcoin, Updates Outlook on Ethereum and Lido DAO

    2023-01-07
  • Regulation

    Ripple files motion to block SEC appeal attempt

    2023-09-04

    JP Morgan believes SEC will be forced to approve ETFs after losing case against Grayscale

    2023-09-03

    Ripple Files Motion To Oppose SEC Appeal Over Landmark XRP Ruling

    2023-09-03

    U.S. SEC Punts on Bitcoin (BTC) Spot Exchange-Traded Fund Approvals, Delays Decisions Until October

    2023-09-02

    Navigating the significance of legal opinions in the crypto sphere

    2023-09-02
  • Learn

    What is NBA Top Shot? A Beginner’s Guide

    2023-09-22

    What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-21

    SingularityNET (AGIX) Price Prediction 2023 2024 2025

    2023-09-18

    What Are Altcoins? Best Altcoins to Buy  – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-08

    Your Guide to the Digital World of ENS Domains – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

    2023-09-04
  • Market Cap
CryptoNewsMetaverse
Home»Bitcoin»Crypto Cynic Peter Schiff Makes Bitcoin Prediction For 2023
Bitcoin

Crypto Cynic Peter Schiff Makes Bitcoin Prediction For 2023

2022-12-30No Comments3 Mins Read
Share
Facebook Twitter LinkedIn Pinterest Email

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.

Also read: MicroStrategy Sells 704 Bitcoins (BTC) For First Time Due To This Reason

According to him, anyone seeking long-term value storage or an inflation hedge should not consider investing in Bitcoin. It is just worthless, he tweeted. “Its market price has dropped by two-thirds.”

Schiff targets Saylor yet again

A few hours back he also took a dig at Saylor. He has stated once more that MicroStrategy Incorporated’s stockholders would be held responsible for Chairman Michael Saylor’s preoccupation with Bitcoin (BTC). On Twitter, Schiff noted that the company’s shares had fallen to a 52-week low and they have fallen by a staggering 90% from their all-time high, which they hit back in February 2021.

Peter Schiff, who frequently criticizes investing decisions, is undoubtedly the most outspoken opponent of the most popular digital currency. MicroStrategy is a well-known provider of business intelligence and technologies.

Also read: Michael Saylor’s MicroStrategy Buys 2,500 Bitcoins

Attacks on MicroStrategy

MicroStrategy has acquired up to 132,500 Bitcoin units so far, worth over 4 billion USD. In order to acquire the digital assets over time, MicroStrategy had to issue Senior Convertible Notes. It is a debt instrument, with the majority of these funds coming from the company’s surplus balance sheet cash. Michael Saylor promoted the Bitcoin ideology when he was still the company’s CEO.  He was relying on the idea that the technology underlying the cryptocurrency is capable of generating a significant price increase in the near future.

Peter Schiff frequently attacks MicroStrategy for making the announcement that its BTC assets will continue to be listed on its balance sheet for the foreseeable future. As a business with significant exposure to Bitcoin, MicroStrategy’s share price decline reflects the pessimistic mood sparked by the continuing crypto winter.

Shourya mainly reports on Cryptocurrency Prices, NFTs and Metaverse. Graduated and post graduated in Journalism, she always wanted to be in business field. Connect with her at [email protected] or tweet at Shourya_Jha7

The presented content may include the personal opinion of the author and is subject to market condition. Do your market research before investing in cryptocurrencies. The author or the publication does not hold any responsibility for your personal financial loss.

Source link

Bitcoin Crypto Cynic Peter Prediction Schiff
Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

Related Posts

What Are Bridges in Crypto? Cross-Chain Bridges, Explained – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-21

SingularityNET (AGIX) Price Prediction 2023 2024 2025

2023-09-18

What Are Altcoins? Best Altcoins to Buy  – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-08

Your Guide to the Digital World of ENS Domains – Cryptocurrency News & Trading Tips – Crypto Blog by Changelly

2023-09-04
Add A Comment

Leave A Reply Cancel Reply

Top Posts

Circle looks to reaffirm commitment to transparency as USDC market share soars

2022-07-06

Legendary Trader Peter Brandt Says Bitcoin (BTC) Forming Bearish Pattern – But There’s a Catch

2022-08-17

Here’s What It Will Take for Ethereum, Solana and Avalanche To Spark Long-Awaited Rallies, According to Top Crypto Analyst

2022-06-09

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

Our mission is to develop a community of people who try to make financially sound decisions. The website strives to educate individuals in making wise choices about Cryptocurrencies, NFT, Metaverse and more.

We're social. Connect with us:

Facebook Instagram YouTube TikTok
Top Insights

Hitachi Leverages Metaverse and VR for Next-Generation Workforce Training

2023-09-25

What is NBA Top Shot? A Beginner’s Guide

2023-09-22

Upland and KABOOM! Unite to Address Playspace Inequity

2023-09-22
Get Informed

Subscribe to Updates

Get the latest news and Update from Cryptonewsmetaverse.com about Crypto, Metaverse and NFT.

  • Contact
  • Terms & Conditions
  • Privacy Policy
  • DMCA
© 2023 Cryptonewsmetaverse.com. Designed by ProdigitalX.

Type above and press Enter to search. Press Esc to cancel.

  • bitcoinBitcoin(BTC)$26,312.000.56%
  • ethereumEthereum(ETH)$1,590.290.79%
  • USDEXUSDEX(USDEX)$1.07-0.53%
  • tetherTether(USDT)$1.000.08%
  • binancecoinBNB(BNB)$211.221.25%
  • rippleXRP(XRP)$0.500.60%
  • usd-coinUSDC(USDC)$1.000.01%
  • Lido Staked EtherLido Staked Ether(STETH)$1,589.180.85%
  • cardanoCardano(ADA)$0.2464940.83%
  • dogecoinDogecoin(DOGE)$0.0609810.08%