Crypto-skeptic Peter Schiff believes that Bitcoin cryptocurrency will never be able to reach the level predicted by many analysts – $ 50,000.
On the eve of Peter Schiff, who is known for his hostility to Bitcoin, said that in the future the price of gold will definitely reach $ 5,000. Schiff commented on the recent conversation between Joe Kernes, CNBC spokesman, with Anthony Pompliano, a well-known investor and the head of Morgan Creek Capital, during which the investor said that in the future BTC will take pride of place in each institution’s portfolio. Schiff recalled that before the crisis that occurred in 2018, Joe was skeptical of his advice on buying gold – then he was mistakenly “bearish” about gold, and now he is just as mistaken when he shares the optimistic forecast of analysts about the future of BTC.
From the guy who had a $ 50,000 price target on Bitcoin for year end 2018. My gold forecast came a lot closer than your Bitcoin forecast. Plus at least gold will eventually hit 5k. Bitcoin will never hit 50k.
Peter Schiff (@PeterSchiff) August 21, 2019
Despite the fact that Schiff’s forecast that the price of gold will reach $ 5,000 by 2014 has not come true, he still claims that the precious metal will still show itself, but you should not expect BTC to grow to $ 50,000.
