Peter Schiff, a financial expert and one of the cryptocurrency skeptics, believes that the main cryptocurrency exchange rate will collapse before the end of this year.
Earlier this year Ether, the #2 crypto by market cap was up over 150%, and now it's down YTD. Ripple, the #3 crypto, has also give up its earlier gains and is now down over 50% YTD. There are still plenty of trading days left in the year for #Bitcoin to end 2019 with a loss!
— Peter Schiff (@PeterSchiff) December 18, 2019
He drew a parallel with two large coins (Ethereum and Ripple) that have fallen very much lately so he believes that Bitcoin has time to “catch up” with them.
Recall that yesterday the Bitcoin rate fell to a 7-month low, after which it sharply raised by 13%.