The cryptic skeptic Peter Schiff continues to play against Bitcoin. This time he expressed his opinion that halving the award to the miners would make a bitcoin hopeless to buy.
In a message on Twitter, the economist stressed that too many people expect the price of the first crypt currency to rise after the half-time award for miners. He believes that such investors will be very disappointed.
"Everybody is expecting Bitcoin to grow, many speculators have already bought up. And there is a risk of a huge "sale by the fact," when people who have invested money will return it," said Schiff.
We are talking about the popular saying among traders "buy by ear, sell by fact. That is, you have to buy before any event that affects the rate of the asset. Schiff believes that nowadays too many people hold bitcoins, so a mass sale of the asset is inevitable.
"Many have bought a bitcoin because they're hoping for growth. "But they're wrong. And when the half-assembly happens, there'll be no one else to buy bitcoins. Only sellers hoping for a profit will be left. All those who wanted to buy Bitcoins have already done so," he wrote.
Recently, a cryptic skeptic said that all Bitcoin fans will soon have to "learn a very expensive lesson". In addition, in late March, Schiff called the supporters of the first crypt currency "fools" and urged to invest in gold.
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