Bitcoin Investors Should Sell Now, Warns Peter Schiff, Calls Out Wikipedia For ‘Defamatory’ Claims
Summary
Economist and gold advocate Peter Schiff advised Bitcoin investors to sell their holdings as the price surpassed $90,000, viewing it as another exit opportunity due to his belief that BTC lacks intrinsic value. Concurrently, Schiff publicly accused Wikipedia editors of publishing "false and defamatory" statements on his biography page, alleging they spread misinformation to advance a "radical left-wing agenda" and cover up government crimes. He specifically disputed claims regarding tax evasion, money laundering related to a bank he was associated with, and the settlement of a defamation lawsuit, asserting he had won the case. Amid his bearish stance on crypto, Schiff remained bullish on precious metals, encouraging buying the dip in silver after a sharp correction from its recent high, maintaining that gold and silver are real stores of value while Bitcoin is a "ponzi scheme."
(Source:CCN)