Don’t buy this dip: Economist Peter Schiff

Economist and gold bug Peter Schiff has made some dire predictions about cryptocurrency, particularly bitcoin and ether.

Bitcoin looks poised to crash to $20K and ethereum to $1K … Don’t buy this dip. You’ll lose a lot more money.

The need to sell bitcoin to pay the bills will only get worse as the recession deepens and many Hodlers lose their jobs, especially those working for soon to be bankrupt blockchain companies.

[Via]

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