As usual Peter Schiff never shies away at an opportunity to say something bad about Bitcoin and crypto, or give an outrageous prediction, which by the way I and many others in the crypto industry are still waiting for Bitcoin to go below 10k as he has predicted in the past that Bitcoin would be below $10k by now, which has not happened yet and may never happen as uptober is around the corner and we all know October has always been a good month for Bitcoin and the Crypto market generally.
Still on Peter Schiff and his hate or envy for Bitcoin progress and how he has been wrong about Bitcoin for a long time but chooses to still stay on the path of hate for Bitcoin and Crypto. we can all see that even though Bitcoin has not done so great in the last 10 months, almost a year now it still has outperformed Gold in the last decade so even if Peter Schiff says Gold is one of the best-performing assets in this 2022, trying to throw an indirect shot at Bitcoin because that is what he is good at throwing jabs, insulting and shading Bitcoin even though Gold has not gained any percentage this year and in fact, it is down -10%, he still sees that as a process.
Of course, Gold is losing less than other assets right now including Bitcoin because we are in a bear market at the moment, but Gold temporary outperforming some assets this year doesn't mean it is doing good either as it did not have any gains in the last decade, on the opposite it went down in the last decade even Peter Schiff himself should know this fact. Gold reached $1,899 in August 2011 when Bitcoin was just $12, now even with the 70% plus dump or dip Bitcoin is $19,000 (158,000% increase) while gold is $1620 (about 30% drop). So long-term Bitcoin is still way way way better than Gold.
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Peter Schiff: Gold to $5000 (or maybe $10K)
Here is 2012:
newsmax.com/Finance/StreetTalk/Schiff-gold-5000-dollar/2012/10/28/id/461766/
Here is 2015:
https://www.cnbc.com/2015/12/17/gold-is-still-going-to-5000-peter-schiff.html
It is a joke.
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It's a huge joke, I feel he is just trying to make himself feel better by saying what he said.
This guy really doesn't have conscience at all.
Less than $10k prediction for Bitcoin...
These guys and theire hatred for Crypto... when the market bounces up back they'll all hi mute
That's their normal behavior, them no want make boys stop to dey drink Garri 🤣
Aswear 🤧
And like dis, garri na our only hope... if dem continue with all things things, money no go dey to buy garri sef 😭😭😭
If dem take garri from us... E don finish be that. 😭😭😭
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