Gold bug Peter Schiff gives Bitcoin permission to hit $100K

Cointelegraph

Published Feb 16, 2021 04:15PM ET

Updated Feb 16, 2021 06:40PM ET

The man who once said "Bitcoin will never hit 50K" has doubled down on the bearish prediction that Bitcoin (BTC) will eventually go to zero.

Back in 2019, CNBC host Joe Kernen speculated that Bitcoin's price would reach $55,000 by May 2020. Peter Schiff mocked him at the time, saying "Bitcoin will never hit 50k."

Source: Twitter

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