‘Time Is Running Out’: Peter Schiff Issues New Bitcoin $100K Warning

• Peter Schiff warns Bitcoin holders of massive losses if the price drops below $100K.
• He urges investors to sell crypto and buy gold, calling Bitcoin “fool’s gold.”
• Schiff claims Americans will be the biggest losers due to high exposure to digital assets.

Longtime Bitcoin critic and gold advocate Peter Schiff has issued a new warning, claiming “Americans will be the biggest losers” when the “crypto bubble” bursts. In a tweet, he warned that Bitcoin holders could soon face devastating losses if the price falls below the critical $100,000 mark. 

According to Schiff, the “time to get out is running out fast,” adding that once the $100K support “breaks in earnest, the market will likely implode.” He urged holders to convert their Bitcoin into gold, describing the crypto asset as “fool’s gold.”

The Market Call: $100K Is the ‘Implosion’ Point

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