The economist-criticptik drew attention to the fact that the Bear Trend that arose in January provoked a drop in the market capitalization of all digital assets up to $ 2.44 trillion.
“There was another reason why production complexes should return to the territory of the United States. Many crypto-millions will need work in factories, as soon they will lose all their funds due to the fall of bitcoin, ”Shiff said.
According to the economist, the US authorities should weigh all the risks before creating Gosrevrev and keep the first cryptocurrency, since the asset is extremely unstable. The Bitcoin course in the near future can collapse by another 50%, and nothing will stop the descending trend, Schiff believes. He is convinced that there are no reasons for increasing cryptocurrency quotations.
Previously, Peter Schiff criticized popular theses about the special exclusivity of bitcoin based on a limited sentence of the first cryptocurrency.
Source: Bits
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