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✉news BusinessCrypto first seen 1 d ago, last 23 h ago, peak #29

Bitcoin Rebounds Above $80,000 After Peter Schiff's Crash Call

Original: Bitcoin Rebounds Above $80,000 Hours After Peter Schiff's $75,000 Crash Call

Bitcoin climbed back above $80,000 just hours after longtime crypto critic Peter Schiff predicted a slide to $75,000. The quick rebound left the gold advocate's bearish call looking premature, and traders seized on the contrast between his warning and the market's recovery. Schiff has a long history of skeptical Bitcoin forecasts that have often been followed by price moves in the opposite direction, fueling mockery from crypto supporters.

Why now: Bitcoin's rapid rebound made a prominent critic's crash prediction look wrong, prompting reactions from both sides of the crypto debate.

Peter SchiffBitcoin

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