Bitcoin is The Biggest Bubble Ever: Peter Schiff

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Peter Schiff (Courtesy: Twitter)
Peter Schiff (Courtesy: Twitter)

Peter Schiff said on twitter that Bitcoin is the biggest bubble he has ever seen, based on the level of conviction showed by Bitcoin traders.

Bitcoin skeptic Peter Schiff has done it again: The notorious gold bug, famous for being the owner of the only Bitcoin wallet capable of forgetting passwords, claimed that this time —unlike his other failed predictions— Bitcoin is genuinely about to die .

Shortly before the price correction on Oct. 20, 2020, the investor went on Twitter to unload his thoughts on the famous cryptocurrency, declaring it to be the worst bubble he’d ever seen. Schiff explained that the “level of conviction buyers have in their trade” is so high that it beats famous dark episodes in the history of finance like the dot-com bubble or the 2006 real estate crisis.