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Peter Schiff Believes "The Game Is Over" For Bitcoin

Janelle Fox

Summary: Peter Schiff, CEO and chief global strategist of Euro Pacific Capital Inc., stated in a tweet that he believes “the game is over” for Bitcoin after the recent pump and dump. On Wednesday Bitcoin suddenly spiked from $7,087.09 to $7,772.71. This unexpected spike was quickly met with a huge nosedive down to $7,100. Schiff responded ...

Peter Schiff, CEO and chief global strategist of Euro Pacific Capital Inc., stated in a tweet that he believes “the game is over” for Bitcoin after the recent pump and dump.

On Wednesday Bitcoin suddenly spiked from $7,087.09 to $7,772.71. This unexpected spike was quickly met with a huge nosedive down to $7,100. Schiff responded to the activity by saying that “If Bitcoin pumpers can no longer sucker in new buyers the game is over.”

Schiff has been one of Bitcoin’s biggest critics as he has used every negative turn for Bitcoin as an opportunity to besmirch the digital asset.

By Janelle Fox

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