Economist and Crypto Critic Peter Schiff Asks Hodlers to Sell Bitcoin Through CoinEdition

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© Reuters Economist and crypto critic Peter Schiff asks Hodlers to sell Bitcoin Crypto critic Peter Schiff said gold only rose $10, trading at an 8-month high. up 4.5% to around $18,182.41.

Economist and popular crypto cynical, Peter Schiff has once again missed no opportunity to criticize Bitcoin as he suggests holders sell Bitcoin. The gold enthusiast instead pointed to gold trading at an 8-month high. At a time when Bitcoiners may see a silver lining with his winning 9-day dart, Schiff dug in and tweeted:

Bitcoin is trading above $18,000, its highest level in 3 weeks, a great opportunity for HOLDers to sell ahead of the December CPI release. Gold is only up $10, trading at an 8-month high. While Bitcoin has already exploded, Gold has exploded. It’s time to drop Bitcoin. “(sic)

His worried tweet drew dismissive responses from several crypto enthusiasts.

475% higher than when the same guy made that call pic.twitter.com/AjnWaBEICk

— Mr. Anderson (@TrueCrypto28) January 12, 2023

Schiff had recently claimed that gold would do well in 2023. He also claimed that people investing in bitcoin instead of gold at inflationary highs would suffer huge losses in 2023. He added that bitcoin had a price but no value and that people would soon. wake up to this reality.

As for the biggest crypto Bitcoin in the world, it added more than 10% this month and around 17%. Both cryptocurrencies have fallen over 60% in the past year. At the time of writing, Bitcoin is up 4.5% to around $18,182.41. Bitcoin’s daily trading volumes jumped to $33.398 billion. Data from Coinglass revealed that over $296.24 million in Bitcoin futures contracts have been liquidated in the past 24 hours.

Economist and crypto-critic Peter Schiff Ask Hodlers to Sell Bitcoin appeared first on Coin Edition.

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