The future of bitcoin is being questioned by Peter Schiff, a prominent financial commentator and CEO of Euro Pacific Capital. In a recent tweet, he predicted the institutional adoption of cryptocurrency would soon come to a halt. 

A well-known American stockbroker and radio personality, Schiff has been a vocal critic of Bitcoin and other cryptocurrencies. He has repeatedly argued that the alpha coin is a bubble that will eventually burst, and that investors who buy it are foolish.

He has also warned investors to brace themselves for the next potential crash. This dire prediction is causing many in the cryptocurrency community to question the future of Bitcoin.

Peter Schiff Skeptical of Bitcoin’s Future and CNBC’s Coverage

Schiff voiced his doubts about the long-term viability of Bitcoin. He has warned investors of the potential for a cryptocurrency crash and argued that the excitement surrounding BTC’s underlying technology has diminished.

In addition, Schiff has taken issue with CNBC’s interview of Mike Novogratz, the CEO of Galaxy Digital and a well-known Bitcoin advocate. On Twitter, Schiff said the network failed to ask Novogratz tough questions and instead showed bias towards cryptocurrencies.

The #Bitcoin pumpers on @CNBC throwing nothing but softballs to @novogratz, who basically admitted the entire Bitcoin rally was driven by existing #HODLers buying more. Institutional adoption is over. The #blockchain letter has run out of chain. Get ready for the next crash.

— Peter Schiff (@PeterSchiff)

Go to Source to See Full Article
Author: Christian Encila

Did you like this?
Tip BTC Newswire with Cryptocurrency

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Monero
• ZCash

Donate Bitcoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Bitcoin Cash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send bitcoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Ethereum to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Ether:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Litecoin to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Litecoin:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate Monero to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some Monero:

Donate via Installed Wallet Copy

[X] Click Here to Hide Donation Details

Donate ZCash to BTC Newswire

Scan the QR code or copy the address below into your wallet to send some ZCash:

Copy ZCash Address

[X] Click Here to Hide Donation Details