Bitcoin
Peter Schiff Reveals Unexpected Fact About Bitcoin (BTC) by U.Today
U.Today – A surprising fact about Bitcoin was recently revealed by well-known critic Peter Schiff. Although Schiff has always been a skeptic, he emphasized that many smart people have “looked at” Bitcoin and some have chosen not to own it. More than 90% of the nearly 14,000 participants in a recent survey he conducted said they would not sell any of their Bitcoins even if the price dropped by 96% and reached $3,000 or even $120.
Schiff seems to acknowledge, with a critical tone, the strong belief and perseverance found in the Bitcoin community, as his answers highlight. Schiff is still unequivocally skeptical of Bitcoin.
Many people have studied Bitcoin carefully, including Schiff, and have come to the conclusion that it does not live up to their standards or expectations as a profitable investment. The positivity and optimistic attitude that is typical among Bitcoin enthusiasts and investors stands in stark contrast to this view.
Bitcoin has proven remarkably resilient in the face of various regulatory hurdles and market fluctuations. The current price of Bitcoin, which has recovered from previous lows, is around $68,000. Market reaction to Bitcoin has been mixed, with some, like Schiff, believing it will remain viable in the long term, while others see it as a digital goldmine and a hedge against inflation.
Bitcoin is currently performing well technically. As the price moves above significant moving averages, the chart is showing an uptrend. Support comes from the 50-day EMA, and recent price action points to a possible upside if the current momentum holds.
Furthermore, the RSI is within a healthy range, suggesting that the asset is not overbought. Even with Schiff’s critical stance, there is a strong belief in the future of cryptocurrencies, as evidenced by the survey results and the state of the Bitcoin market.