{"id":8366,"date":"2022-06-17T18:00:56","date_gmt":"2022-06-17T23:00:56","guid":{"rendered":"http:\/\/blog.jlbn.net\/?p=8366"},"modified":"2022-06-19T14:36:19","modified_gmt":"2022-06-19T19:36:19","slug":"economist-peter-schiff-says-his-prediction-for-btc-and-eth-prices-nearly-100-confirmed","status":"publish","type":"post","link":"http:\/\/blog.jlbn.net\/?p=8366","title":{"rendered":"Economist Peter Schiff Says His Prediction for BTC and ETH Prices Nearly 100% Confirmed"},"content":{"rendered":"\n

Prominent Bitcoin critic and founder of SchiffGold wealth management fund, Peter Schiff, has taken to Twitter to say that he made an almost spot on prediction of crypto prices again.<\/p>\n\n\n\n

Earlier this week, he stated that he had\u00a0gotten it right with the Ethereum<\/a>\u00a0price. Now, he believes that he has almost gotten it right predicting the levels Bitcoin and Ether hit on their way down.<\/p>\n\n\n\n

“30% decline in Bitcoin and 40% in Ethereum”<\/h2>\n\n\n\n

In his recent tweet, Schiff stated that Bitcoin and Ethereum had come very close to the levels that he predicted for them earlier\u2014$20,000 for BTC and $1,000 for ETH.<\/p>\n\n\n\n

He admitted that it was not exactly a direct hit, as Bitcoin was $80 away from the predicted $20,000 level, and Ethereum was $20 away from the $1,000 expected by Schiff.<\/p>\n\n\n\n

He made his prediction five days ago,\u00a0on June 11<\/a>. Now, Peter Schiff believes that the bottom for the first two largest cryptocurrencies is not in yet. As soon as the $20,000 and $1,000 levels are reached and left behind, he tweeted, a real crash for both coins will happen.<\/p>\n\n\n\n

Schiff expects Bitcoin to test $5,000<\/h2>\n\n\n\n

On June 15, Schiff posted a tweet with a chart, stating that Bitcoin was likely to go as low as to test the long-term support at the $5,000 mark.<\/p>\n\n\n\n

That tweet was published after the flagship digital currency dived below the $21,000 level and was coming really close to the aforementioned $20,000 level.<\/p>\n\n\n\n

Curiously, despite being a Bitcoin hater and a goldbug, he suggested that investors had better sell their Bitcoin holdings in order to buy them back cheaper<\/a> later on.<\/p>\n\n\n\n

At the start of the year, Schiff wrote on Twitter that he expected Bitcoin to go down to $10,000 once it breaks significantly below $30,000. If the latter were to occur, then BTC would drop under $20,000, and after, that BTC had “a long way to go down.”<\/p>\n\n\n\n

<\/p>\n","protected":false},"excerpt":{"rendered":"

Prominent Bitcoin critic and founder of SchiffGold wealth management fund, Peter Schiff, has taken to Twitter to say that he made<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[3423,254,3421],"tags":[3440,3426,3441,888],"_links":{"self":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8366"}],"collection":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=8366"}],"version-history":[{"count":1,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8366\/revisions"}],"predecessor-version":[{"id":8367,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=\/wp\/v2\/posts\/8366\/revisions\/8367"}],"wp:attachment":[{"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=8366"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=8366"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/blog.jlbn.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=8366"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}