Bitcoin price will drop to $15k after crash

Gold tick and anti-crypto economist Peter Schiff said Bitcoin would drop to $15,000 after the recent collapse of the crypto market. After the number one cryptocurrency dropped to $42,000, he said it would drop another $30,000 before falling to $15,000.

He also advised investors with large debts of their BTC to start selling before it was too late. “It’s better to sell enough bitcoins now to pay off your debt than to be liquidated later at a much lower price,” he wrote.

Schiff’s comments came as the Bitcoin price stagnated a few weeks before the one-night stand. The fear index is high and investor fear persists as the global cryptocurrency market cap has fallen by more than 9 percent in the last 24 hours and hit $2 trillion.

At the time of writing, Bitcoin is just over $42,000, with a deficit of one percent over the last 24 hours. Market cap fell below $800 billion.

After Bitcoin fell, other coins also fell significantly, marking the first major collapse in 2022.

Robert Kiyosaki refutes Schiff’s forecast for Bitcoin price
Towards the end of 2021, Schiff said that Bitcoin will continue to lose its edge over altcoins as more and more altcoins enter the crypto market.

However, the author of the popular finance book “Rich Dad, Poor Dad”, Robert Kiyosaki, questioned Schiff’s opinion. So far, Kiyosaki has also spoken of the biggest bitcoin, gold, silver, and real estate crash coming up in December.

However, he blamed “false inflation” and stated that if fake inflation collapsed, the market would come back. He also suggested viewing the crash as an investment opportunity rather than liquidating it under a fallout battle sign.