Peter Schiff, Anticipates That Massive Crypto Selling Will Begin Soon.
Peter Schiff, the chairman of SchiffGold, took to Twitter to remark on the present slump of the cryptocurrency market, forecasting widespread dumping of crypto and predicting the collapse of blockchain-related equities.
He's also expressed his dissatisfaction with the 19,316 new coins that have entered the market. He said the entire loss in the crypto market's valuation over the last half-year has been 42% due to the demand for various cryptocurrencies.
Many of these firms' redundancies will compel retail crypto investors to liquidate their assets in order to pay escalating bills.