Prominent Bitcoin foe Peter Schiff expects a new crypto winter to come soon.
Euro Pacific Capital CEO, major gold investor Peter Schiff took to Twitter to talk about Bitcoin’s fall and gold’s rise in May. Schiff cited the bearish trend. In Schiff’s view, BTC could continue its current decline.
Peter Schiff proudly tweeted that gold managed to close above the $1900 level in May, thus increasing 7.5 percent. As for Bitcoin, he wrote that this was the worst month in a decade for BTC:
Bitcoin was trading above the $34,000 support (at $35,075) at the time of writing. Also, as previously reported, Scott Minerd, CIO of the Guggenheim Partners fund, warned that investors should be prepared for a volatile weekend for BTC.
Prominent Bitcoin bull Anthony Pompliano responded to Schiff with some bullish statistics for BTC, saying that last year Bitcoin was up 269 percent and gold was only up ten percent. Schiff said that the Bitcoin run could end:
Hello there! My name is Oktay from Tokensboss editors. I introduce myself as a business graduate and writer. I have been doing research on cryptocurrencies and new business lines for over 2 years.