Peter Schiff drew the attention of his subscribers to X that in the wake of the growth of BTC, the crypto community tends to exaggerate and distort facts indicating the inevitability of further growth of the asset. Everyone has already seen similar behavior at the peak of the euphoria of the bull market in 2011, the author of the tweet recalled.
A crypto-skeptic expert has urged investors to exercise reasonable restraint ahead of the upcoming Bitcoin network halving and given the role of much-touted spot ETFs.
On Tuesday, March 19, the value of the largest cryptocurrency fell to $63,700, which is almost 15% below the new all-time high.
Previously, Peter Schiff criticized the head of MicroStrategy, Michael Saylor, known for his purchase of Bitcoin for long-term investments. The expert believes that the Bitcoin craze will ruin Michael Saylor and destroy MicroStrategy.
Source: Bits
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