“At Some Point There’ll Be A Flash Crash” Says Gold Bull Peter Schiff

HeadlinesNews“At Some Point There’ll Be A Flash Crash” Says Gold Bull Peter Schiff

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“At Some Point There’ll Be A Flash Crash” Says Gold Bull Peter Schiff

CoinGape12 minutes ago
Published on January 22, 2022 13:41 GMT+00:00edited on January 22, 2022 13:49 GMT+00:00

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Bitcoin has dropped significantly in price over the last few days. Bitcoin’s price dropped 8.75% in the last 24 hours, currently trading at around $35,600. This is no reason to panic, however, according to Plan B, the pseudonymous creator of the Bitcoin stock-to-flow (S2F) model. Plan B has even urged market participants to embrace volatility as over the long term Bitcoin has proven to be a rewarding investment.

Plan B reassures that the Bitcoin market will bounce back

In a recent tweet, the creator of the Bitcoin S2F model has reiterated his bullishness on Bitcoin and his confidence in the S2F model. Using his investment journey as a case in point, Plan B urged market participants to hold a long-term view of Bitcoin and ignore the current dip.

He narrated that he bought his first …