After gold rally slowed down, Peter Schiff has returned to criticizing Bitcoin
run to almost $70,000 back in 2021. Back in 2020, when BTC was trading around $10,000, Elon Musk posted a silly tweet that highlighted a man's inability to choose whether to invest in a cheap cryptocurrency or not.
Schiff revealed that he remains amused after seeing Musk posting the same picture when Bitcoin was at $10,000 and now, when the first cryptocurrency is deliberately fighting for the local support level at $16,000. In case of a breakdown, the first cryptocurrency will enter a freefall, considering the lack of technical support levels until $12,220.Traditionally, Schiff has actively satirized the most recent price performance of Bitcoin on the market.
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