Here’s how much Bitcoin (BTC) has gone up since Peter Schiff asked HODLers to sell

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Godfrey Benjamin

Bitcoin Price Jumps 27% Since Peter Schiff Called Sell

Bitcoin (BTC) has exceeded a number of year-to-date expectations as it has helped push the combined crypto market capitalization above the psychologically important $1 trillion level. With Bitcoin price now trading at $22,887.88, it beat the bearish predictions of its leading critic, Peter Schiff.

Earlier in the year, Schiff postulated that the bullish momentum with which Bitcoin started the year is a perfect exit opening for his investors. As reported by U.Today, Schiff advised HODLers to sell their coins as they traded at $18,000, as he maintained his nearly decade-old position that the price of the coin would eventually decline in below this price.

Investors who might have heeded Peter Schiff’s sell call may be furious with the gold enthusiast right now, considering the coin is up 27% since that call was made. . This was first revealed by Bitcoin bull Peter McCormack, who directly quoted Schiff’s sell tweet.

#bitcoin is trading up around 27% since @PeterSchiff advised you to sell your $bitcoin.

Gold is not. pic.twitter.com/cookRRax45

Peter McCormack (@PeterMcCormack) January 22, 2023

At the time of writing, Bitcoin is up over 34.2% in the past 14 days to continue its positive growth streak for the year.

Bitcoin Short-Term Outlook

There have been a number of positive predictions attesting to the likelihood of Bitcoin reaching new near-term highs. While the first digital currency is always known to exhibit a high level of volatility across the board, many believe that the current trade setup along with its technical indicators are proof that more price increases could be coming for the coin.

Many Bitcoin predictions in the past have gone wrong, and Peter Schiff can take solace in the fact that even positive predictions don’t always come true.

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