Benzinga – Renowned economist and cryptocurrency skeptic, Peter Schiff, warned Bitcoin (CRYPTO: BTC) holders of a potential drop if the coin fails to hold the $60K support level.
What Happened: On Wednesday, Schiff took to Twitter to express his concerns about Bitcoin’s future. “It’s not looking good #HODLers. You guys need to hope #Bitcoin can hold $60K. Otherwise it’s a long way down,” he tweeted.
It’s not looking good #HODLers. You guys need to hope #Bitcoin can hold $60K. Otherwise it’s a long way down. All the hard core Bitcoiners are use to big drops. But the newbies who own the ETFs are in for a rude awakening. pic.twitter.com/Dw6mJXXi3r
— Peter Schiff (@PeterSchiff) April 24, 2024
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