Bitcoin Critics Lampoon Latest Price Plunge, Claim Whales Are Responsible

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Bitcoin Critics Lampoon Latest Price Plunge, Claim Whales Are Responsible

Many crypto market pundits are sure that the Bitcoin price will skyrocket sometime after the halving, they claim six months to two years for Bitcoin to soar past a new all-time high price. However, in reaction to the recent price drop, Gold bug, and Bitcoin-hater, Peter Schiff uncovers the possible whale’s inner sentiment.

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Apparently, the current drop in the price of bitcoin and the cryptocurrency market as a whole can be explained by the fact that cryptocurrency holders are preparing for the expected help and the market fall for the next few months, and therefore many are now selling bitcoins to buy it cheaper after a while. Well, while the usual speculative operations take place. You should not pay special attention to this, lowering the price of bitcoin temporarily.