“I Was Wrong About Bitcoin,” - Peter Schiff

“I Was Wrong About Bitcoin,” - Peter Schiff


After years of criticizing Bitcoin (BTC), the world's largest cryptocurrency, a prominent critic has stated that his views on the leading digital currency were incorrect. For several years, Peter Schiff has criticized so-called digital gold, preferring gold to the top-ranked cryptocurrency.

Peter Schiff has publicly stated that he was completely wrong about the flagship cryptocurrency Bitcoin throughout the time he criticized it. He made this claim in a tweet posted earlier on April 1st.

In response to the Bitcoin critic's statement, one of the Twitter users, John Williamson, said:

So many of us appreciate and respect you and your work. It would be good to see a vid with your analysis that leads to this statement, your view going forward. BTW I still firmly believe that ‘all that glitters is not gold’ Thank you, sir.

On the other hand, one Twitter user advised him to transform this tweet into a Non-Fungible Token (NFT), which will help him make some digital currencies.

Meanwhile, the dominant cryptocurrency is still struggling to break through the heavy resistance at the $60,000 level. It has been attempting to overcome this level of resistance for the past few days with no success. At the time of writing, the coin's price is hovering around$59,134, with a change rate of 0.34 percent in the last 24 hours. The first-ranked cryptocurrency's sentiment is slightly bearish on a daily basis.

However, it is trading up by more than 15% on a weekly basis, implying that there is a slight possibility that the major cryptocurrency will disrupt the $60,000 barrier and set a new all-time high after retesting the previous one.

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