Bitcoin’s opponent is still confident in the fall of the first cryptocurrency

Peter Schiff, founder of SchiffGold and CEO of Euro Pacific Capital, conducted a poll on Twitter related to the fall of bitcoin below $ 20,000. Schiff suggests that this is not the final decline in the price of the first cryptocurrency.

According to the top manager, there are a large number of people willing to buy bitcoins at a price below $ 20,000, but even more who want to sell the first cryptocurrency for $ 20,000. Schiff organized a poll to find out what his Twitter followers think about this. So far, most respondents have voted that there are more bitcoin sellers than those who want to buy them.

Schiff’s son Spencer, who transferred all his assets to BTC, reproached his father for spending «too much time watching the price of cryptocurrency.» Schiff Jr. called his father’s actions «bitcoin disorder syndrome.» By the way, quarrels between Schiff Sr. and Schiff Jr. about the future of bitcoin are already a norm.

It is believed that the fall of BTC was caused by the speech of US Federal Reserve Chairman Jerome Powell. On Friday, the head of the agency said that in order to control dollar inflation, the country’s central bank will have to keep interest rates high. In response, both stock markets and the cryptocurrency market began to fall rapidly (the stock market more significantly).