Peter Schiff “You Can’t Escape” Bitcoin

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Peter Schiff “You Can’t Escape” Bitcoin

U.Today – Everyone knows Peter Schiff isn’t the biggest fan, at least not in the public sphere. But even BTC’s biggest critic won’t pass up an opportunity to share a good laugh with him.

Schiff recently visited Istanbul and posted a photo in front of a gigantic Bitcoin ad. He shared the photo on Twitter with the caption: “I’m in Istanbul and look what I found. There are some things you just can’t escape.” The photo quickly attracted attention, garnering more than 200,000 views in just a few hours.

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Prominent gold advocate Peter Schiff has long expressed doubts about Bitcoin and other cryptocurrencies. He has typically accused Bitcoin of being worthless and incredibly volatile, making it an unreliable store of value.

Globally, Bitcoin is becoming increasingly popular and accepted. Not to mention, Turkey is one of the most adoptive countries for Bitcoin, with millions of holders and users. The last few days have seen a fair amount of stability in the Bitcoin market performance. Promising news, as Bitcoin has recently begun to rise above $58,000. This rise comes after a period of significant price volatility, during which it has ranged between $56,000 and $60,000.

Despite the fact that the current momentum indicates that Bitcoin may be poised for another surge, market sentiment is still cautious. Technically, the 200 EMA, a key resistance level that traders are closely monitoring, has been broken by Bitcoin.

If buying pressure increases, this breakout could indicate a possible uptrend. Many believe that Schiff secretly loves Bitcoin due to his complicated relationship with the cryptocurrency. Regardless of your feelings, Bitcoin is more likely to stay than not, and critics like Schiff have been wrong in the past. This has been proven by the market’s growth over time.

This article was originally published on U.Today

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