Peter Schiff & Michael Saylor agree Bitcoin is on sale

• Big Bitcoin critic Schiff says he finally agrees with a prominent Bitcoin advocate on one point.
• Schiff reiterated in this tweet that he anticipates a “real crash” of cryptocurrency prices
• “My predictions for BTC and ETH confirmed nearly 100%” Schiff tweet

Peter Schiff, a prominent Bitcoin hater and the founder of SchiffGold, has taken to Twitter to express his agreement with BTC evangelist and MicroStrategy CEO Michael Saylor, who was recently interviewed by CNBC.

In this interview, he stated that Bitcoin is now for sale, and according to Schiff’s tweet, he agrees; however, he does not agree 100 percent.

“I agree with Michael Saylor, Bitcoin is on sale”

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Schiff, a Bitcoin critic who has been predicting BTC’s fall below $30,000 since January and has repeatedly stated that the king cryptocurrency will soon be worthless, could not refrain from mentioning BTC in the context of Saylor’s interview. It is believed that the CEO of MicroStrategy is one of the most influential members of the Bitcoin community.

Schiff concurs that Bitcoin is on sale, but he asserts that it is not a purchase. As he put it, this is a “going-out-of-business” sale. He believes that the Bitcoin closeout sale will occur soon and “will be epic.”

I agree with @saylor, #Bitcoin is on sale. But I don't agree that it's a buy. The problem is that it's a going-out-of-business sale. Early markdowns are nothing. Just wait until the blowout, final markdowns. The closeout sale will be epic. Be careful, all sales final. No returns.

— Peter Schiff (@PeterSchiff) June 16, 2022

“My predictions for BTC and ETH confirmed nearly 100%”

On June 16, Schiff tweeted his prediction for the levels Bitcoin and Ethereum would reach as they continue to decline, which was almost entirely confirmed.

The founder of SchiffGold tweeted days before the actual that BTC would reach $20,000 and the second largest cryptocurrency, ETH, would drop to $1,000. BTC and ETH required a few extra days than anticipated to reach these levels, but Bitcoin “came within $80 of $20,000 and Ethereum within $20 of $1,000.”

Peter Schiff reiterated in this tweet that he anticipates a “real crash” of cryptocurrency prices.

Schiff’s jab aimed at Grayscale

Goldbug Schiff has also addressed Grayscale’s Bitcoin-based shared GBTC falling 78% from its all-time high and reaching a 33% discount to NAV.

Schiff mocks the “Drop Gold” television advertising campaign for Bitcoin launched by Grayscale in 2019; Since then, the company’s GBTC has risen and fallen to the aforementioned levels.

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Schiff stated that gold prices have increased by more than 30 percent since the start of 2019. He has requested a response from Barry Silbert, crypto billionaire and founder of Digital Currency Group, Grayscale’s parent company.

In May of 2019 #Grayscale launched its drop #gold campaign, pumping #Bitcoin and the price of $GBTC up to $17.40 the next month. Today GBTC hit $12.60, down 27.5% (78% below its high, at a 33% discount to NAV). Over the same 3 years gold is up over 30%. Any comment @BarrySilbert?

— Peter Schiff (@PeterSchiff) June 16, 2022