Peter Schiff predicted the bottom for bitcoin unintentionally

Quick Take

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• Not too long ago, Peter Schiff, a well-known naysayer and critic of the leading cryptocurrency predicted where bitcoin would end up bottoming out. 

• It seems that he was right as well.

Not too long ago, Peter Schiff, a well-known naysayer and critic of the leading cryptocurrency predicted where bitcoin would end up bottoming out. It seems that he was right as well.

This was highlighted by the popular analyst on Twitter known as CryptoBull. He re-tweeted the Twitter post from the critic highlighting that he had accidentally called the bottom for bitcoin rather than the top.

You may remember this as it was when Peter had lost access to his bitcoin wallet. But because bitcoin was crushing well below $4000, it didn’t really matter to him.

You can see the tweet below:

This tweet marked the exact bottom aka point of maximum opportunity https://t.co/R2JY0b9e5z

— Crypto₿ull (@CryptoBull) November 17, 2020

This was towards the start of the year when bitcoin was hitting a low of $3600 only to now be above $17,000 at the time of writing.

“This tweet marked the exact bottom aka point of maximum opportunity.”

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