Economist Schiff spoke about the fall of the cryptor, saying that it was a belated, but expected reaction to trade duties introduced by US President Donald Trump.
“April 7 will be a very long day for those who have actively invested in spot-bitcoin -etf. Trump’s decision was to introduce duties even more stupid than the initiative to create a bitcoin reserve. And Saylor needs to not allow a collapse below the average purchase price for the company $ 68,000, take money and go to the Va-Bank. ”
According to Schiff, Trump’s actions regarding the crypto industry are inconsistent and unable to restore confidence in digital currencies, “which will soon finish collapse.”
Earlier, Peter Schiff said that soon many rich crypto-investors will be forced to urgently look for work due to a powerful bear trend in the Bitcoin market.
Source: Bits
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