After a prominent critic criticized Bitcoin (BTC), the world’s largest cryptocurrency, for several years, he said his views on the leading digital currency were wrong. Peter Schiff has been criticizing the so-called digital gold for several years, as he prefers gold over the cryptocurrency with the highest ranking.
Peter Schiff has publicly claimed that he was completely wrong about the flagship cryptocurrency Bitcoin during the entire time he was criticizing this digital currency. He made this claim in a tweet posted on April 1.
I was wrong #Bitcoin.
– Peter Schiff (@PeterSchiff) April 1, 2021
When one of the Twitter users, John Williamson, responded to this statement by the Bitcoin critic, said::
“So many of us value and respect you and your work. It would be good to see a video of your analysis leading up to this statement and your view on the future. Incidentally, I still firmly believe that “everything that glitters is not gold”. Thanks sir.”
On the other hand, one of the Twitter users advised him to convert this tweet into a non-fungible token (NFT) that will help him create some digital currencies.
Meanwhile, the dominant cryptocurrency is still struggling to find its way through strong resistance at USD 60,000. It has tried to overcome this level of resistance for the past few days but has not met with success. At the time of writing, the value of the coin is changing hands at around $ 59,134, with a rate of change of 0.34% over the past 24 hours. On a daily basis, the mood of the cryptocurrency is slightly bearish in the first place.
However, it trades more than 15 percent weekly, which means there is slight hope that the major cryptocurrency will sneak through the $ 60,000 mark and hit a new all-time high after retesting the previous one.