Schiff Predicts Bitcoin Price To Keep Going Down for Several Years

The post Schiff Predicts Bitcoin Price To Keep Going Down for Several Years appeared first on Coinpedia Fintech News

Peter Schiff has predicted Bitcoin price to continue falling over the next couple of years. Schiff quoted on X that ‘you can keep looking at that chart for the next several years while the price of Bitcoin continues to fall and the price of gold continues to rise’. Schiff has noted that Bitcoin is now down 14% since hitting its all-time high of $73,737 on March 14. He noted that those who sold their gold ETFs to purchase Bitcoin are now down as much as 24%. Notably, Bitcoin ETFs also witnessed significant outflows of $545 Million this week.