2024

Bitcoin

when

Read

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
Banker, financial expert and noted cryptocurrency skeptic<a href="https://x.com/PeterSchiff/status/1864802801135522012" rel="noopener noreferrer nofollow">Peter Schiff</a> was heavily quoted and in the spotlight yesterday. The reason? Schiff was reminded of his words that $100,000 for<a href="https://u.today/novogratz-doesnt-think-satoshi-is-alive" rel="noopener noreferrer nofollow">Bitcoin (BTC)</a> is impossible, and anyone who believes in it can “keep dreaming." But here it is Dec. 6, 2024, and we have been living in the paradigm of a six-figure Bitcoin for 24 hours, and Peter Schiff has been fighting off everyone who tries to point out his incorrectness for 24 hours.
However, the expert did not keep silent either, and in response to one such barb, he said that “the dream has come true.” But he also said that the next one will be a “nightmare,” and all crypto enthusiasts and<a href="https://u.today/xrp-drops-why-is-it-bullish-dogecoin-doge-delivers-crucial-signal-shiba-inu-shib-boom-turns-to-bust" rel="noopener noreferrer nofollow">Bitcoin</a> bulls should be “ready to toss and turn."
<blockquote class="twitter-tweet" data-conversation="none">
 So the dream came true. Next up is the nightmare. Get ready to toss and turn.— Peter Schiff (@PeterSchiff) <a href="https://twitter.com/PeterSchiff/status/1864802801135522012?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">December 5, 2024</a>
</blockquote>
<h2 dir="ltr" id="nightmare">Nightmare?</h2>
Interestingly, at these words from Schiff, what really happened was something that caused many crypto investors to break out in a cold sweat when the<a href="https://u.today/mt-gox-makes-new-transfers-after-bitcoin-plunges-to-92k" rel="noopener noreferrer nofollow">price of Bitcoin</a> collapsed by almost 8% in just four minutes, going from $98,250 to $90,500 per BTC. Everything happened so fast that Peter Schiff did not even seem to have time to pay attention. <img src="https://u.today/sites/default/files/inline-images/btcusdt_1.png" data-entity-uuid="01d4a485-8e62-4f3c-900b-578f549c9340" data-entity-type="file" alt="&quot;&quot;" data-caption="BTC to USD by <a href=&quot;https://coinmarketcap.com/currencies/bitcoin/&quot;>CoinMarketCap</a>">
The main cryptocurrency was followed by the rest of the market in one proportion or another and, as a result, liquidations on derivatives on digital currencies reached an astronomical $875 million in 24 hours - one of the record highs for the year.
The spill was quickly redeemed and the price per BTC returned to around $100,000, but the damage in liquidated positions can no longer be recovered. The good news is that it has already happened, which means that the market will be free of such drastic disturbances for a while. <a href="https://u.today/dream-came-true-schiff-reveals-whats-next-after-100000-bitcoin" rel="noopener noreferrer nofollow">Read original article on U.Today</a>

'Dream Came True': Schiff Reveals What's Next After $100,000 Bitcoin

Table of Contents

U_Today

Other articles published on Dec 6, 2024

XRP falls by 18% after reaching its yearly high

Leverage ETF Surge: MicroStrategy Dominates Bitcoin Markets

ETH pushes beyond key levels as traders accumulate DTX for coming rally

Altcoins JASMY, SUI, & XNO Light Up Social Media as Bitcoin Takes a Breather

11 Trillion Shiba Inu (SHIB) in 24 Hours: What to Expect

Top 5 Cryptos Cheaper Than a Gingerbread to Gift You a $1M Portfolio in Christmas Market Rally!

Join our free newsletter for daily crypto updates!