Opinion: BTC will not be able to reach $ 100,000

Well-known cryptocurrency analyst Peter Schiff does not believe that in the future the price of BTC has the potential to rise to$ 100,000

On Friday, the price of military-technical cooperation dropped to$8600 in a matter of hours. Peter Schiff, a popular economist and financial broker, did not hide his joy at the sharp drop in the price of BTC and noted that the price of the asset will never reach $100,000. He also tweeted that the Bitcoin pump is “finally over” and warned that upcoming reset.

The economist is well known for his negativerelations to cryptocurrencies. A few days ago, when the price of MTC jumped to $ 10,350 from $ 7,400 in less than 24 hours, Schiff called it the results of the “Bitcoin whales.”

A loyal critic of the first cryptocurrency did not explaintheir position, remaining committed to storing gold reserves. However, the crypto community has long been accustomed to its pessimistic and negative opinions and to calls to invest in precious metals, and not in cryptocurrency.