‘I was wrong about Bitcoin’ By Cointelegraph

'I was wrong about Bitcoin' By Cointelegraph


Peter Schiff: ‘I was wrong about Bitcoin’

Gold bug Peter Schiff, who has often spoken out against , may be admitting that there’s at least some flaw in his predictions after acknowledging the coin did not “collapse” as gold rose to a new all-time high last month.

In a Twitter exchange with Tyler Winklevoss, which began Sept. 6, Schiff traded words with the Gemini co-founder regarding Bitcoin’s rise to a yearly high of more than $12,000 on Aug. 17 and its dip under $10,000 just last week. While Winklevoss predicted the digital asset’s baseline for all future dips would be $10,000, Schiff was decidedly more bearish, stating Bitcoin (BTC) could be consolidating before a crash.

Source: Skew.com

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