Peter Schiff Predicts More Losses for Bitcoin as BTC Goes Below 2021 High

Peter Schiff has declared Bitcoin (BTC) is in a long-term bear market after it dipped to $68,000, below where it traded in November 2021. But he was countered by some supporters of the OG cryptocurrency, who said that comparing old peaks with later lows proves little. A Pointed Question for 2021 BTC Buyers In a post on X today, Schiff asked Bitcoin investors to consider how they would have reacted five years ago if someone told them the asset would eventually trade below its November 2021 price. Recall that BTC hit a then-all-time high near $69,000 on November 10, 2021, and per data from CoinGecko at the time of writing, it was trading just a few hundred bucks above $68,000.

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