Peter Schiff Warns About Imminent Collapse of Bitcoin

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Peter Schiff has once again commented on the recent rally of Bitcoin, predicting an imminent collapse in the value of the cryptocurrency.

He has warned that Bitcoin is a highly speculative instrument which could crash at any given moment.

He went on to theorize that the recent surge in Bitcoin’s value may be because of it entering the same speculative market as stock assets, which, as per Schiff, signals that the rally will come to an end as such assets usually falter.