• Send Us A Tip
  • Calling all Tech Writers
  • Advertise
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
SUBSCRIBE
TechStory
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to
No Result
View All Result
TechStory
No Result
View All Result
Home Crypto Bitcoin

Economist Peter Schiff talks about Bitcoin recovery

Reshab Agarwal by Reshab Agarwal
March 16, 2022
in Bitcoin, Crypto, News
0
Renowned Economist Peter Schiff Warns of 'Massive Crisis' for the US Dollar
215
SHARES
3.6k
VIEWS
TwitterWhatsappLinkedin

Economist Peter Schiff, who is well-known for this negative take on Bitcoin, talks about its recovery. Peter has cited the things that could trigger a Bitcoin price rally. However, this doesn’t mean he is talking in favor of it, and if you have been following him, you know he never will. Peter has been talking trash about Bitcoin since it was trading around $4,000, and nothing has changed now. Let’s see what he has to say this time.

You might also like

Tesla Autopilot Under Scrutiny: Fatal Crashes Prompt Calls for Regulation

OpenAI Investigates User Complaints as ChatGPT’s Responsiveness Faces Issues

Austin’s Aspirations as the Next Silicon Valley Threatened by Rising Challenges

Peter’s take on Bitcoin recovery

Economist Peter Schiff talks about Bitcoin recovery
Image Source: Bitcoin.com

Recently, Peter tweeted about the scenario where he thought the price of Bitcoin could go up. I have never heard him talking about BTC going up, so this is something new. He said that for Bitcoin to continue its uptrend, it will be dependent on Gold and the NASDAQ. A price increase of the US stock markets would help BTC recover too. At the same time, the price of Gold needs to go down for the same.

And this is difficult because for the markets to go up, the feds need to reduce inflation to 2% while increasing interest rates and not affecting the economy. So, it is unlikely to happen as the current situation points towards even high inflation and more government spending. But if the feds are able to pull it off, it doesn’t make sense to buy Bitcoin, according to Peter. He has called cryptocurrency one of the biggest bubbles ever and says that Bitcoin will be going to zero.

I don’t take Peter’s negative comment seriously

For someone who is so vocal about his distrust of cryptocurrencies, it is funny to see how his website accepts Bitcoin as a payment method. Now, there can be many arguments to this, but this is just my personal view. He is also one of those who talks about Bitcoin every time it goes down but never when it rallies. Here is one of the most famous tweets of Peter Schiff for crypto enthusiasts, and you will know why.

Don't make the mistake of thinking that buying #Bitcoin below $3,800 is a bargain just because the current price is better than 80% below its record high. Bitcoin's price could easily drop another 80% from here, and at $750 it would still be expensive!

— Peter Schiff (@PeterSchiff) November 25, 2018

Many Bitcoin investors have agreed to be wrong about their views on the asset like Micahel Saylor, but Peter Schiff is still against Bitcoin actually being an asset.


What are your thoughts as Peter Schiff talks about Bitcoin recovery but gives a reason not to buy it? And do you take his opinions on BTC seriously? Let us know in the comments below. Also, if you found our content informative, do like and share it with your friends.

Also Read: India is targeting crypto investors for not paying taxes.

Tags: #Peter_SchiffbitcoinGold
Tweet54SendShare15
Reshab Agarwal

Reshab Agarwal

Reshab is a tech-enthusiast who likes to write about all things crypto. He is a Bitcoin bull and believes in a decentralized future of finance. Follow him on Twitter for more!

Recommended For You

Tesla Autopilot Under Scrutiny: Fatal Crashes Prompt Calls for Regulation

by Harikrishnan A
December 11, 2023
0
Swedish Workers Unite Against Tesla in Unprecedented Labor Battle

In 2019, in Key Largo, a Tesla, which was driving on Autopilot, plowed into a car parked on the side of the road, killing the owners, a young...

Read more

OpenAI Investigates User Complaints as ChatGPT’s Responsiveness Faces Issues

by Harikrishnan A
December 11, 2023
0
Major Shift in OpenAI Leadership as CEO Sam Altman Departs Amid Resignations

User Frustrations Rise as ChatGPT Faces Criticism for Lackluster Performance OpenAI's latest version of ChatGPT, which is powered by their GPT-4 model, is under internal investigation following a...

Read more

Austin’s Aspirations as the Next Silicon Valley Threatened by Rising Challenges

by Harikrishnan A
December 11, 2023
0
Austin’s Aspirations as the Next Silicon Valley Threatened by Rising Challenges

Tech Exodus from Austin In recent years, Austin has emerged as a major contender to Silicon Valley's tech dominance. Austin has attracted major players like X (Twitter) and...

Read more
Next Post
Zomato IPO aftermath with its global counterparts

Zomato, online grocery company Blinkit in talks for a merger deal

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Copy Protect PDF, MP3, MP4 and more, with Nexcopy USB Duplicator Systems .

Related News

How To Beat Escape from the Castle Claymount

How To Beat Escape from the Castle Claymount

December 2, 2023
How To Redeem Codes in Fortnite

How To Redeem Codes in Fortnite

December 5, 2023
How to Get Ashenvale Mount Season of Discovery

How to Get Ashenvale Mount Season of Discovery

December 5, 2023
Blooket

How to hack blooket

September 30, 2022
ARK Invest Reduces Exposure in Cryptocurrency Market, Sells $33M of Coinbase Shares and $5.9M of Grayscale Bitcoin Trust

ARK Invest Reduces Exposure in Cryptocurrency Market, Sells $33M of Coinbase Shares and $5.9M of Grayscale Bitcoin Trust

December 6, 2023
How To Update Minecraft Bedrock to 1.20.50

How To Update Minecraft Bedrock to 1.20.50

December 6, 2023

Techstory

Tech and Business News from around the world. Follow along for latest in the world of Tech, AI, Crypto, EVs, Business Personalities and more.
reach us at info@techstory.in

Advertise With Us

Reach out at info@techstory.in

BROWSE BY TAG

#Crypto acquisition AI amazon android Apple bitcoin Business China cryptocurrency e-commerce electric vehicles Elon Musk entrepreneurship Ethereum facebook flipkart funding Google India Instagram Investment ios iPhone IPO Market Markets Meta Microsoft News NFT Russia Social Media SpaceX startup startups tech Tech news technology Tesla TikTok trending twitter uber whatsapp

© 2023 Techstory Media Pvt Ltd

No Result
View All Result
  • News
  • Crypto
  • Gadgets
  • Memes
  • Gaming
  • Cars
  • AI
  • Startups
  • Markets
  • How to

© 2023 Techstory Media Pvt Ltd

Are you sure want to unlock this post?
Unlock left : 0
Are you sure want to cancel subscription?