On December 25, 2022, gold bug Peter Schiff made available yet another unsolicited piece of information — which he calls a “Christmas gift” — to Bitcoin gamers.
Peter Schiff, perpetual Bitcoin advocate, a single of Bitcoin’s most ardent critics, is the CEO of Euro Pacific Capital, a complete-support registered broker/dealer specializing in the industry. foreign markets and securities. He is also the founder and chairman of SchiffGolda complete support low cost treasured metals dealer.
Earlier nowadays, Schiff Told it has more than 894,000 followers on Twitter:
“Mine #Christmas present maximize for #HODLer That is it #Bitcoin graph. As you can see, Bitcoin is much closer to the high than the low. The yellow line that used to be support is now resistance. Since the upside is too low and the downside risk is too high, the smart move is to sell today.“
Schiff went on to say:
“#Bitcoin looks a bit like #yellow did it in 1999. But I doubt bitcoin will follow the same path. Instead of breaking out, Bitcoin will probably crash. Bitcoin is the thing against gold… Don’t misunderstand my gift. My gift is all the money you will save on selling #Bitcoin today. You can thank me later.“
Image credits
The image is selected via Pixabay