Bitcoin

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
A surprising fact about <a href="https://u.today/satoshi-era-bitcoin-whale-suddenly-wakes-up-with-53583-profit" rel="noopener noreferrer nofollow">Bitcoin</a> was recently disclosed on X by well-known critic Peter Schiff. Even though Schiff has always been skeptical, he emphasized that many smart people "looked into" Bitcoin and some chose not to own it. Over 90% of the nearly 14,000 participants in a recent survey he conducted said they would not sell any of their <a href="https://u.today/michigan-becomes-second-state-whose-pension-fund-owns-bitcoin" rel="noopener noreferrer nofollow">Bitcoin</a> even if the price fell by 96% and reached as low as $3,000 or even $120.
Schiff seems to recognize, with a critical undertone, the strong belief and perseverance found within the Bitcoin community as their responses highlight. Schiff is still unequivocally skeptical of Bitcoin. <img alt="BTCUSDT Chart" data-entity-type="file" data-entity-uuid="776a252c-842e-4720-bb82-e57d6158b79c" src="https://u.today/sites/default/files/inline-images/image_1037.png"><a href="https://www.tradingview.com/" rel="noopener noreferrer nofollow">BTC/USDT Chart by TradingView</a>
Many people have carefully studied <a href="https://u.today/36-billion-xrp-in-24-hours-samson-mow-expects-super-bullish-bitcoin-news-soon-ethereum-etfs-witness" rel="noopener noreferrer nofollow">Bitcoin</a>, including Schiff, and come to the conclusion that it does not live up to their standards or expectations as a profitable investment. The positivity and bullish attitude that are typical among Bitcoin enthusiasts and investors stand in stark contrast to this point of view.
<a href="https://u.today/michael-saylor-makes-epic-bitcoin-call-as-price-reaches-67000" rel="noopener noreferrer nofollow">Bitcoin</a> has proven remarkably resilient in the face of numerous regulatory obstacles and market fluctuations. The current price of Bitcoin, which has recovered from earlier lows, is roughly $68,000. The market's reaction to Bitcoin has been conflicted, while some like Schiff believe it will remain viable in the long run, others view it as a digital goldmine and a hedge against inflation.
Right now Bitcoin is performing well technically. As the price moves above significant moving averages, the chart shows a bullish trend. Support is coming from the 50-day EMA, and the recent price action points to a possible increase if the current momentum holds.
Additionally, the RSI is within a healthy range, suggesting that the asset is not overbought. Even with Schiff's critical stance, there is a strong belief in the future of cryptocurrencies as evidenced by the poll results and the state of the Bitcoin market.

Peter Schiff Reveals Unexpected Fact About Bitcoin (BTC)

U_Today

Άλλα άρθρα που δημοσιεύτηκαν στις 27 Ιουλ 2024

Winklevoss twins disinvited from White House crypto roundtable for endorsing Donald Trump

Top Solana-based Altcoins To Stack As Market Turns Bullish!

When Will Spot ETH ETFs Be Allowed to Start Staking?

Analysts Predict Bitcoin Could Surpass $80,000 Soon

Bitcoin Gains Attention with Recent Price Surge

Solana Memecoin Trump Fired Biden (TRUMPBID) Will Skyrocket 17,000% Before First CEX Listing, Whi...

Join our free newsletter for daily crypto updates!