U.Today – Banker, financial expert, and prominent crypto skeptic Peter Schiff was widely quoted and in the spotlight yesterday. reason? Schiff was reminded of his words that $100,000 (BTC) is impossible and anyone who believes in it can “keep dreaming”. But here it is December 6, 2024, and we live in a six-digit paradigm Bitcoin is 24 hours a day, Peter Schiff is 24 hours a day, everyone who tries to point out their mistakes. have repelled the.
However, the expert also did not remain silent, and in response to one such criticism he said: “A dream come true.” But he also said that what comes next will be a “nightmare” and that all crypto enthusiasts and Bitcoin bulls should be “ready to roll over.”
nightmare?
Interestingly, what actually happened with these words of Schiff is that when the price of Bitcoin fell by almost 8% in just 4 minutes, from $98,250 to $90,500 per BTC, many crypto investors It was an event that made me break out in a cold sweat. Everything happened so fast that it seems Peter Schiff didn't even have time to pay attention.
Major cryptocurrencies were followed to some extent by the rest of the market, resulting in digital currency derivatives liquidations reaching an astronomical $875 million in 24 hours, the highest amount on record this year. Now there is one.
Although the spill was quickly redeemed and the price per BTC returned to around $100,000, the damage from the liquidated positions can no longer be recovered. The good news is that it has already happened and this means the market will be free from such dramatic disruptions for some time.
This article was originally published on U.Today