Peter Schiff, gold bug and Bitcoin (BTC) commenter, saw last weekend’s price swing as the concerted effort of “whales”. The spike in BTC prices to above $10,000, from lows of around $7,500, received several alternative explanations.
But Schiff, who is rather bearish of BTC even now, saw the move as an anomaly, having little to do with China’s announcement of upcoming blockchain legislation.
https://twitter.com/PeterSchiff/status/1188891873013895169
Schiff believes BTC has a long way to fall, despite the occasional rally.
BTC traded at $9,477.49 on Tuesday, on v...