Economist and gold bug Peter Schiff has made some dire predictions about crypto, particularly Bitcoin and Ethereum. He explained that “The need to sell Bitcoin to pay the bills will only get worse as the recession deepens,” adding that the king cryptocurrency (BTC) is poised to crash to $20K while Ether will sink to $1K.
“With Bitcoin dropping below key support at $25K and Ethereum below 1300, the combined market cap of nearly 20K cryptos has broken below $1 trillion, from a record-high of $3 trillion. That’s $2 trillion down, $1 trillion left to go. The last trillion will be the most painful.”
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