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Shocking comment from Bitcoin enemy: "Don't say I didn't warn you"
Peter Schiff, known for his anti-Bitcoin (BTC) comments, commented on the BTC decline in an interesting way in his post on the X platform.
The cryptocurrency market has left behind a painful week. Leading cryptocurrency Bitcoin (BTC) has trended downwards after reaching an all-time high. BTC touched $64,500, experiencing a decline of approximately 10 percent from the $70,000 level.
While crypto investors evaluated the declines as corrections, an interesting post came from anti-Bitcoin Peter Schiff. Addressing crypto investors, Schiff said, “Don't say I didn't warn you!” he commented.
Gold and Bitcoin comparison from Bitcoin enemy
Peter Schiff, known as an opponent of Bitcoin (BTC) and a gold investor, made a post that drew the reaction of crypto investors. Schiff discussed the BTC decline in his post on X.
Emphasizing the rise in gold and silver, Schiff stated that Bitcoin ETFs decreased by 5 percent in the same time period. Schiff, who is anti-crypto, said that the shares of MicroStrategy, one of the most important supporters of Bitcoin, fell by 16 percent.
Addressing investors with a comparison of gold and crypto, Schiff argued that these data represent a possible change. The famous investor claimed that the rise in gold will continue and BTC will start to fall.
Schiff, who previously warned investors against a possible BTC drop, said: “Don't say I didn't warn you!” He ended his post with his comment. There was a huge barrage of criticism under the post. Crypto investors expressed their belief that BTC will continue its rise.
This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should do their own research when making decisions.