Well-known cryptocurrency analyst Peter Schiff does not believe that in the future the MTC price has the potential to grow to $ 100,000
On Friday, the MTC price dropped to $ 8600 perfew hours. Peter Schiff, a popular economist and financial broker, did not hide his joy from the sharp drop in the price of MTC and noted that the price of the asset would never reach $ 100,000. He also tweeted that Bitcoin’s pumping was “finally over” and warned about upcoming discharge.
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.