From Investing.com

September 16, 2024 03:30:20 PM:

Bitcoin’s future may be bleak, according to critic Peter Schiff, who predicts a drop to $15,000-$20,000. Schiff sees a “triple top” chart pattern that could lead to a decline, challenging Michael Saylor’s bullish perspective.

Schiff’s warning conflicts with Saylor’s belief in Bitcoin as a long-term store of value. Despite Schiff’s skepticism, some still believe Bitcoin could reach $1 million one day.

Schiff’s response to the $1 million prediction was skeptical yet humorous, indicating his doubt in radical price projections. He joked that a $1 million Bitcoin would result in drinks costing the same amount in Puerto Rico.

Read more at Investing.com: Schiff Reveals Only Reason for $1 Million Bitcoin By U.Today