BTC Whales Are Selling, Could Be Buying to Draw in More Suckers and Sell Again: Peter Schiff

BTC Whales Selling

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Categories: Cryptocurrency

BTC Whales Are Selling, Could Be Buying to Draw in More Suckers and Sell Again: Peter Schiff

Peter Schiff, head and founder of Euro Pacific Capital and SchiffGold, economist, wealth manager and podcaster, has tweeted that he believes bitcoin whales are offloading their BTC at the current price level. He also ponders the reason why he may have briefly pumped bitcoin back over $21,000.

In his recent tweet, Goldbug Schiff, who tweets about bitcoin more often than some bitcoiners, has stated that he believes the whales that managed to pump BTC to the $70,000 level were, they are now selling their deposits for profit. They tweeted that they are now selling their bitcoins to those eager to get out of their hands, and "they are getting the deal.

He believes that these investors who eventually buy into the price drop will be "known as bag holders," as Schiff expects the price to drop from the current $21,150 to the $8,000 level. Schiff believes that these whales are still selling their BTC and, if they are buying, their sole goal is to “attract more suckers” and later reframe the market to sell more. to prepare from.

About two weeks ago, Schiff was asked by early bitcoin adopter and YouTuber Davinchi Jeremy to make predictions related to his outlook on the price of bitcoin in the future. Schiff replied that he believes the leading digital currency will never achieve $200,000, but in his view, $2,000 is the only possible price for BTC in the future. His previous predictions for Bitcoin and Ethereum this year included BTC falling to the $20,000 level and Ethereum falling to $1,000.

 Bitcoin whales ,Goldbug Schiff, Bitcoiners ,Davinchi Jeremy, Ethereum, BTC Price, ETH Price, Cryptocurrency

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