Peter Schiff Predicts Japan's Bitcoin Exit as Price Drops: Details
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Aug 03 2024Bitcoin Price Decline: Bitcoin fell below $61,000 amid rising risk aversion in financial markets and concerns over a potential recession following the U.S. jobs report, with a notable drop of 13% against the Japanese yen this week.
Peter Schiff's Critique: Economist Peter Schiff criticized Bitcoin and Ethereum, suggesting that Japanese investors may abandon Bitcoin as it underperforms compared to gold, which he views as a more reliable investment.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
