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Bitcoin Critic Peter Schiff Believes Mass Selling of Crypto May Begin Now, Here’s Why
Bitcoin

Bitcoin Critic Peter Schiff Believes Mass Selling of Crypto May Begin Now, Here’s Why

Chairman of SchiffGold, economist, and investor Peter Schiff, has taken to Twitter to comment on the current decline of the cryptocurrency market, predicting the mass selling of crypto and pointing to the collapse of stocks related to blockchain. Read Also: Terra Bypasses Tesla As It Becomes The Second-largest Corporate Holder Of Bitcoin In the meantime, Bitcoin has fallen below the $37,000 zone. "Bitcoin and blockchain-related stocks getting decimated" Schiff believes that now that Bitcoin and the crypto market, in general, are plummeting, along with the stocks of companies working in the blockchain sphere, the whole crypto industry will be exposed as a "malinvestment." Many redundancies in these firms will force retail crypto investors to sell their holdings to ...