• Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

What's Hot

Ukraine is Close to Defeat

February 3, 2023

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023
Facebook Twitter Instagram
Trending
  • Ukraine is Close to Defeat
  • Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says
  • Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia
  • ‘Disneyland’ for Investors is Over, Nassim Taleb Warns
  • European Neo-Nazis & Far-rights are Aiding their Ukrainian Counterparts
  • We Must Condemn the Lies of the West About Russia — Grandson of Charles de Gaulle
  • RUSSIA Releases Message for American Soldiers
  • Warning Issued for Petrodollar
Friday, February 3
Facebook Twitter Instagram
RT NewsRT News
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
RT NewsRT News
Home » Peter Schiff Warns of ‘Crypto Extinction’
Cryptocurrency

Peter Schiff Warns of ‘Crypto Extinction’

adminBy adminJanuary 4, 2023No Comments2 Mins Read
Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
Share
Facebook Twitter LinkedIn WhatsApp Pinterest Email

Peter Schiff Warns of ‘Crypto Extinction’

By RT News

The dire prediction comes amid a broad slide in digital coins.

There is no value in cryptocurrencies and investors should sell their digital assets before they become worthless, prominent crypto-sceptic Peter Schiff has suggested.

As economists sound the alarm over a so-called “crypto winter” amid the massive drop in the value of digital coins after the collapse of the FTX exchange, Schiff insists that this is not an accurate term to describe the situation.

“This is not a #crypto winter. That implies spring is coming. This is also not a crypto ice age, as even that came to an end after a couple of million years,” the CEO and chief global strategist at Euro Pacific Capital wrote on Twitter. “This is crypto extinction.”

The veteran stockbroker and gold enthusiast also mentioned that bullion “will rise again to lead a new breed of asset-backed cryptos.”

Schiff has frequently been critical of cryptocurrencies, maintaining that Bitcoin is a massive speculative bubble that will implode, and people who are buying it now will be left with a worthless asset. In February, he warned that the top cryptocurrencies could lose all of their value before the end of the year.

When Bitcoin hit $50,000 per token in 2021, Schiff said that “while a temporary move up to $100K is possible, a permanent move down to zero is inevitable.”

Bitcoin has sunk around 75% since reaching its all-time high of nearly $69,000 in November 2021, while more than $2 trillion has been wiped off the value of the entire cryptocurrency market. The collapse of FTX, one of the world’s largest cryptocurrency exchanges last month, continues to send ripples across the industry. On Friday, Bitcoin was trading at $16,719 per coin.

Original source: https://www.rt.com/business/568986-peter-schiff-crypto-extinction/

Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email
admin
  • Website

Related Posts

Crypto Lender Genesis About to Go Bust – Bloomberg

January 20, 2023

FTX Founder Denies Fraud

December 3, 2022

Major Crypto Exchange Goes Bust

November 12, 2022

Ukraine Asks Binance, Coinbase, 6 Other Crypto Exchanges To Block Russian Users

March 1, 2022

US Treasury Department Formally Adds Crypto Rules to Russian Sanctions Guidance

March 1, 2022

Ukraine Government Raises Over $10 Million in Cryptocurrency Donations

February 28, 2022
Add A Comment

Leave A Reply Cancel Reply

Don't Miss

Ukraine is Close to Defeat

By adminFebruary 3, 2023

Ukraine is Close to Defeat By DPR_MFA American Colonel Douglas Macgregor, who is a former…

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023

‘Disneyland’ for Investors is Over, Nassim Taleb Warns

February 2, 2023
Our Picks

Ukraine is Close to Defeat

February 3, 2023

Ukraine Accused of Slaughtering, Harvesting Children’s Organs, Disposing of Dismembered Children ‘Like Discarded Waste’, Russian Soldier Says

February 2, 2023

Situation Update, Feb 1, 2023 – It’s TOO LATE for NATO to Win the War Against Russia

February 2, 2023

‘Disneyland’ for Investors is Over, Nassim Taleb Warns

February 2, 2023

Subscribe to Updates

Get the latest creative news from SmartMag about art & design.

About Us
About Us

Your source for the lifestyle news. This demo is crafted specifically to exhibit the use of the theme as a lifestyle site. Visit our main page for more demos.

We're accepting new partnerships right now.

Email Us: info@example.com
Contact: +1-320-0123-451

Our Picks

Nuclear Family: How Ukraine Helped North Korea Develop the World’s Deadliest Weapons

July 2, 2022

Russia Announces $14.5bn Domestic Airline Boost

June 30, 2022

Ukrainian Mayor Blames Shopping Mall Management For Deaths

June 30, 2022

Subscribe to Updates

Get the latest creative news from FooBar about art, design and business.

Facebook Instagram
  • Home
  • Ukraine War
  • Economy
  • State of Affair
  • Opinion
  • Video
© 2023 Russia-Ukraine.

Type above and press Enter to search. Press Esc to cancel.