Peter Schiff, an economist and gold advocate, has issued a serious warning about the future of Bitcoin. He believes that if the downward trend of the NASDAQ continues, the price of this digital currency will be severely affected. Schiff stated on a social media post that if the NASDAQ index drops by 20%, the price of Bitcoin could reach around $65,000. He predicted that in case of a 40% NASDAQ drop, Bitcoin could fall to $20,000 or even lower. Schiff also mentioned that unlike NASDAQ, gold has been on an upward trend and could reach above $3,800. He warned that such a situation could lead to widespread selling of Bitcoin and bankruptcy of companies like MicroStrategy. However, many price predictions for Bitcoin remain optimistic, with some analysts forecasting high prices for the future of this digital currency.
