‘Bitcoin Has Far More Downside Risk Than 70%’: Peter Schiff

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• Chief Economist Peter Schiff tweets that BTC could plunge more than 70%.
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• Robertson predicts that gold could gain value by 30% to $2,250 per ounce.

Chief Economist and Global Strategist Peter Schiff shared a tweet where Standard Chartered (OTC:SCBFF) Bank predicts Bitcoin to plunge by 70% to $5,000. Additionally, while adding more insight into the post, Schiff mentioned that $5,000 would not be the lowest that BTC could tank.

#Bitcoin has far more downside risk than 70%. After such a decline Bitcoin will still be way over-priced, so $5,000 will not even be close to the bottom. https://t.co/VGj6ZPuwvi

— Peter Schiff (@PeterSchiff) December 5, 2022

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