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Peter Schiff ‘Can’t Escape’ Bitcoin
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Everyone knows that Peter Schiff is not the biggest fan of Bitcoinat least in the public space. However, even the biggest BTC critic never misses an opportunity to share a good laugh Speaking of which.
Schiff recently visited Istanbul and posted a photo in front of a large Bitcoin advertisement. He shared the image on Twitter with the caption, “I’m in Istanbul and look what I found. There are some things you just can’t run away from.” The image quickly gained attention, with over 200,000 views in just a few hours.
A prominent gold advocate, Peter Schiff, has long expressed doubts about Bitcoin and other cryptocurrencies. He typically accuses Bitcoin of being worthless and extremely volatile, making it an unreliable store of value.
Globally, Bitcoin is becoming more and more popular and accepted. Not to mention that Turkey is one of the most Bitcoin-embracing countries with millions of holders and users. The past few days have seen a fair amount of stability in the Bitcoin market performance. Promising news as Bitcoin has recently started to rise above the $58,000 mark. This rise follows a period of significant price volatility during which it ranged from $56,000 to $60,000.
Despite the fact that the current momentum indicates that Bitcoin could be poised for another surge, market sentiment is still cautious. Technically, the 200 EMA, a crucial resistance level that traders are closely monitoring, has been breached by Bitcoin.
If buying pressure increases, this breakout could signal a possible uptrend. Many people believe that Schiff secretly loves Bitcoin because of his complex relationship with the cryptocurrency. Regardless of your feelings, Bitcoin is more likely to stick around than not, and critics like Schiff have been wrong in the past. This has been proven by the market’s growth over time.
About the author
Armani Shirinyan
Arman Shirinyan is a trader, cryptocurrency enthusiast and SMM expert with over four years of experience.
Arman firmly believes that cryptocurrencies and blockchain will be in constant use in the future. Currently, he focuses on news, articles with in-depth analysis of crypto projects and technical analysis of cryptocurrency trading pairs.