Peter Shiff bets on a price crash of BTC

[Piano]

https://cointelegraph.com/news/pre-etf-btc-price-crash-150k-2025-bitcoin-forecasts

 

[JohnnyDoe]

Again? rof/%

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[latindev]

Hey! don't underestimate the guy who's been predicting an‌ stock market crash since 2010 and said gold was going to outperform the market since‍ then xD

 

[JackAlabama]

good time to go giga-long when he posts about‌ that lol
Its like obvious from 10miles away, hes got an agenda here. 😉

 

[Wellington]

See something on twitter about this, Gold is in a rising wedge, they all point‌ towards it breaking out.

Only issue is it has to break down substantially first... as‍ part of a liquidity squeeze (between now and march) and then turn on the printer...⁠ and ofcourse gold will move up.

Bitcoin is no different (just more volatile) and a⁤ leading indicator on liquidity.

Bitcoins move up was based on liquidity flowing into Chinese markets⁣ by the state spiggots, it has a 6 month lead on the US financial Markets.⁢

Gold has lost 4% annually against currency debasement.
SPX - Flat
NASDAQ - 6%︂ plus

 

[TheCryptoAnt]

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[JohnLocke]

Honestly, I wouldn't believe a word that comes out of that man's mouth for a‌ second. It's pure guesswork and a shot in the dark. If he's right, 70% of‍ those who follow him will believe him again after his last adventure. If he's wrong,⁠ well, then he hasn't lost anything in terms of reputation.

 

[Martin Everson]

I question the sanity of anyone who claims the price of gold is gonna go‌ ballistic and pity anyone that follows such a persons advice 😕. But I guess even‍ a broken clock is right twice a day.

https://www.macrotrends.net/1333/historical-gold-prices-100-year-chart