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Sandeep Kumar Mishra
Feb 11, 2022
by Sandeep Kumar Mishra

Peter Schiff Speculates Bitcoin Price Fall Amid Heightened Geopolitical Tensions

Peter Schiff Bitcoin
American Stockbroker Peter Schiff has once again speculated a fall in Bitcoin prices. In a tweet made minutes before the time of writing this article, the Bitcoin critic criticized mainstream media houses like CNBC for ignoring the 2% drop in Bitcoin's price in the face of a crisis, when gold was up by 2% to $1863, which is its highest price in the last three months. He also said that had the situation been reversed, CNBC would be constantly talking about it.

Many Other Than Peter Schiff Predict a Fall in Bitcoin Prices Over the Weekend

Incidentally, Peter Schiff is not the only one speculating a drop in Bitcoin's price. With the U.S. urging its citizens to leave Ukraine amid the threat of a war with Russia, many have been left wondering if this will lead to a fall in Bitcoin's price. Schiff, in one of his tweets made a few days ago, had said that gold was a potential alternative to Bitcoin and it was a safe investment.

The situation between the U.S and Russia has been deteriorating rapidly as there have been speculations about Russia planning to invade Ukraine over its growing inclination towards the European world. Experts predict that if there is indeed a war between these two giants, it would take a massive toll on Bitcoin's prices. If that happens, the bull run for Bitcoin would be short-lived after it managed to crawl its way back to $45,000 after falling to $33,000 last month.

 

 

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Peter Schiff Speculates Bitcoin Price Fall Amid Heightened Geopolitical Tensions
Sandeep Kumar Mishra
Sandeep is an avid cryptocurrency enthusiast and a keen & passionate blogger. He has a strong mix of skills in the areas of computer networking, cryptography, algorithms, and data structures and specializes in ERC20 tokens. Lately, he is taking a lot of interest in blockchain-powered AI solutions, about which he is also reading and writing extensively. He has to his name dozens of deeply researched articles about cryptocurrencies, blockchain, AI, and IoT. Apart from that, he loves to keep track of the latest trends in social media and digital marketing space. Also, as a huge proponent of blockchain and cryptocurrencies, Sandeep tries to deliver all the latest cryptocurrency news to ardent crypto supporters like yourselves. If you like his content, feel free to follow him on LinkedIn.

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