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Economist: Bitcoin's Book Profits in Strategy Could Vanish
Summary: According to reports, economist and cryptocurrency critic Peter Schiff posted on X platform stating: "The cryptocurrency market massacre continues, with Bitcoin falling below $110,000 and Ethereum dropping below $3,700. If Ethereum further drops below the key support level of $3,350, its price could plummet to $1,500, a nearly 70% drop from its all-time high. If ...
According to reports, economist and cryptocurrency critic Peter Schiff posted on X platform stating: "The cryptocurrency market massacre continues, with Bitcoin falling below $110,000 and Ethereum dropping below $3,700. If Ethereum further drops below the key support level of $3,350, its price could plummet to $1,500, a nearly 70% drop from its all-time high. If this happens, Bitcoin's price could fall to around $75,000, a 40% drop from its peak, rendering all book profits in Strategy worthless."
