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Gold bug Peter Schiff gives Bitcoin permission to hit $100K

Published 02/16/2021, 04:15 PM
Updated 02/16/2021, 06:40 PM
Gold bug Peter Schiff gives Bitcoin permission to hit $100K

The man who once said "Bitcoin will never hit 50K" has doubled down on the bearish prediction that Bitcoin (BTC) will eventually go to zero.

Back in 2019, CNBC host Joe Kernen speculated that Bitcoin's price would reach $55,000 by May 2020. Peter Schiff mocked him at the time, saying "Bitcoin will never hit 50k."

Source: Twitter

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Latest comments

I reserve the right to amend this to 500k without prejudice. Tsk Tsk,... I sold some gold to buy Btc. Oh, my TP for gold in 2030 is 1788.88. Don't yall rush to buy gold now ya hear.
bitcoin has zero utility. And it doesnt matter what some other greater fool is willing to pay for it. Eventualy it will go to zero.
Disagreed. Bitcoin is so useful and much easier to use globally than currency. Just sold BTC at $50k bought at $10k. You have to be in it to win it.
Another shady Schiff
shows how much he knows
He predicted the housing crisis in 2005. Crypto is worthless without internet. Internet worthless without electricity. Electricity worthless with frozen windmills. Gold is real
I own crypto, but own real, mostly
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