✉news BusinessCrypto first seen 18 h ago, last 6 h ago, peak #15
Peter Schiff warns quantum hack could make him short Bitcoin
Original: Peter Schiff Warns Quantum Hack Could Make Him ‘Short Everything’ On Bitcoin, Sees $600K Cycle Top
Economist and long-time Bitcoin critic Peter Schiff says a quantum computing hack of the cryptocurrency could prompt him to short the entire Bitcoin market. At the same time, he suggested Bitcoin's current cycle could peak at around $600,000. The comments blend his usual bearishness on crypto with an unusually large price target, drawing attention from both Bitcoin supporters and skeptics across financial media.
Why now: Schiff, a prominent Bitcoin critic, made an unusually bullish price call while warning of a quantum hacking risk, sparking debate in crypto circles.
Evidence
- Peter Schiff Warns Quantum Hack Could Make Him ‘Short Everything’ On Bitcoin, Sees $600K Cycle Top · Yahoo Finance
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