2024

Bitcoin

<figure> 
 <figcaption>
 Cover image via <a href="https://u.today/">U.Today</a>
 </figcaption> 
</figure>
Everybody knows Peter Schiff is not the biggest fan of <a href="https://u.today/bitcoin-miners-are-capitulating-but-theres-silver-lining">Bitcoin</a>, at least in the public space. However, even the biggest critic of BTC does not miss a chance to share a good laugh <a href="https://x.com/PeterSchiff/status/1810663017266487638">about it</a>.
Recently, Schiff visited Istanbul and posted a photo in front of a large Bitcoin advertisement. He shared the image on Twitter with the caption, 'I'm in Istanbul and look what I came across. There are some things you just can't escape from.' The image quickly gathered attention with over 200,000 views in just a few hours.
<blockquote>
 I'm in Istanbul and look what I came across. There are some things you just can't escape from. <a href="https://t.co/TCPUVaNTcN">pic.twitter.com/TCPUVaNTcN</a>— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1810663017266487638?ref_src=twsrc%5Etfw">July 9, 2024</a>
</blockquote> 
An established advocate of gold, Peter Schiff, has long expressed doubts about Bitcoin and other cryptocurrencies. He typically accuses Bitcoin of being worthless and extremely volatile making it an unreliable store of value.&nbsp;
Globally, <a href="https://u.today/dormant-bitcoin-btc-address-back-to-life-after-10400-gain">Bitcoin</a> is becoming more and more popular and accepted. Not to mention Turkey is one of the countries that embraces Bitcoin the most with millions of holders and users. The last few days have seen a fair amount of stability in the performance of the Bitcoin market. Promising news as Bitcoin has recently started to rise above the $58,000 mark. This increase follows a period of significant price volatility during which they ranged from $56,000 to $60,000.&nbsp;
Despite the fact that the current momentum indicates that <a href="https://u.today/peter-schiff-issues-warning-on-bitcoin-btc-price-action-details">Bitcoin</a> might be prepared for another surge, market sentiment is still cautious. Technically the 200 EMA, a crucial resistance level that traders closely monitor, has been overcome by Bitcoin.&nbsp;
In the event that buying pressure picks up this breakout might indicate a possible upward trend. Many people believe that Schiff secretly loves Bitcoin because of his complex relationships with the cryptocurrency. Regardless of your feelings Bitcoin is more likely to stick around than not and critics like Schiff were mistaken about it in the past. This has been demonstrated by the market's growth throughout time.

Peter Schiff 'Can't Escape' Bitcoin

U_Today

المزيد من المقالات نُشرت في ١٠ يوليو ٢٠٢٤

How a $1K Investment in These Altcoins Could Make You a Millionaire in 2024

Ronaldinho joins Messi in promoting water-themed Solana memecoin

Circle minted $250m USDC on Solana

Hooked Protocol Price Prediction: HOOK Pumps 3%, But Experts Say This P2E SHIB Derivative Might B...

Kraken announces partnership with Atlético de Madrid

Polkadot (DOT) Shows Bullish Signals as the Altcoin Prepares for a Possible Bullish Breakout

انضم إلى مجلتنا الإخبارية المجانية لآخر تحديثات مجال العملات المشفرة يوميًا.