On August 26, economist Peter Schiff published a post today noting that Bitcoin has fallen below $109,000, which is 13% lower than the peak two weeks ago. He believes that given the current market activity and purchases by companies, such weak dynamics deserve attention. Schiff predicts that Bitcoin may fall further to around $75,000, close to MicroStrategy's average purchase price, and recommends that holders sell now and buy out at a lower price.
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On August 26, economist Peter Schiff published a post today noting that Bitcoin has fallen below $109,000, which is 13% lower than the peak two weeks ago. He believes that given the current market activity and purchases by companies, such weak dynamics deserve attention. Schiff predicts that Bitcoin may fall further to around $75,000, close to MicroStrategy's average purchase price, and recommends that holders sell now and buy out at a lower price.