Peter Schiff Puts Bitcoin’s Cycle-Low Estimate Near $59,517

Economist Peter Schiff identified about $59,517 as a possible cycle low for Bitcoin (BTC), giving a specific downside level in his bearish outlook for the cryptocurrency. Schiff's Nov. 9 warning said Bitcoin was below $75,000 when he posted. He wrote, “There's a short window before the crash.” The warning did not identify a price for a potential bottom. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

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