Zagovornik bitcoinov Peter Schiff pravi, da je čas za prodajo BTC, evo zakaj

Economist Peter Schiff has been actively against bitcoin for years now and has been warning investors to stay away from the digital asset. Time and time again, the economist has warned that the price of bitcoin was going to zero, and even after being wrong on multiple occasions, Schiff has not changed his stance on the digital asset. True to form, he has taken to Twitter to warn investors to stay away from the cryptocurrency.

Peter Schiff pravi, da prodajate Bitcoin

On Tuesday, chief economist and global strategist Peter Schiff took to Twitter to opozarjajo vlagatelje once more about the ‘dangers’ of investing in bitcoin. He pointed towards the recent trend of bitcoin at $20,000, referring to this as a false bottom.

He further goes on to say that this is not the time to be buying, given that it is likely that the price of the digital asset would likely continue to plunge. His advice during this time was for investors to sell their bitcoin. 

»Trgi redko dajejo vlagateljem veliko časa za nakup dna. #Bitcoin se je v zadnjih 20 dneh trgoval blizu 12 $. Bolj verjetno je, da se bo 20 $ izkazalo za lažno dno, kar bo naivnežem dalo dovolj časa, da se povzpnejo na potapljajočo se ladjo. Bolje je zapustiti ladjo, preden dno izpade."

V nadaljevanju tweet, Schiff points toward the declining dominance of bitcoin as a reason why it is not a good option to invest in. According to the economist, it is now competing with 21,000 other cryptocurrencies and assets across different spheres of the space. So, in the end, all of the competition is affecting the value of the digital asset.

Prevlada BTC pade na 39 % | Vir: Tržna kapitalizacija BTC prevlado na TradingView.com

BTC izgublja tržni delež

Bitcoin’s market share has been plummeting over the last couple of years. The digital asset has gone from having more than 90% of the total market share to having less than half, and it has not stopped losing market share.

BTC’s total market dominance is currently sitting below 40% at the time of this writing. However, it is important to keep in mind that the digital asset has been able to maintain such large dominance even at a time when altcoins are growing in popularity and commanding more attention from investors.

Bitcoin’s increasing use as an inflation hedge also helps to prop up the digital asset. As well as giving higher year-over-year returns over the past few years. The cryptocurrency has also proved Schiff wrong in the past, rallying to $69,000 when the economist forecasted it going to zero.

BTC is no doubt in a bear trend that might continue for a while, as evidenced by previous bear market cycles. However, if history is any indicator, then bitcoin is likely to go on another bull rally as the halving rolls around in 2024.

Predstavljena slika iz Coincu News, grafikon s TradingView.com

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