How does the big short affect the price of cryptocurrencies according to Peter Schiff?
Payam 6829Dec 25, 2021 · 3 years ago1 answers
According to Peter Schiff, how does the big short impact the price of cryptocurrencies? What are his views on this matter and what factors does he believe contribute to the price fluctuations caused by the big short?
1 answers
- Dec 25, 2021 · 3 years agoAccording to Peter Schiff, the big short can have a profound impact on the price of cryptocurrencies. Schiff argues that when investors take a big short position, it creates a negative sentiment in the market, leading to a decrease in demand and a subsequent drop in prices. He believes that the big short exposes the vulnerabilities and risks associated with cryptocurrencies, which can erode investor confidence and discourage new investments. Additionally, Schiff suggests that the big short can trigger a domino effect, as other investors may also start selling their holdings, further exacerbating the price decline. Overall, Schiff views the big short as a significant factor that can influence the price of cryptocurrencies in a downward direction.
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