Peter Schiff again gave a negative forecast for the price of bitcoin

Bitcoin “will fall to the ground.” Such a prediction of the movement of quotes of the first cryptocurrency was given by an implacable critic of digital instruments, the chief global strategist of the investment company Euro Pacific Capital Inc. Peter Schiff on his social network.

He remembered the cryptocurrency holders, as they pointed out to the owners of gold low returns and too little growth. Now the situation has changed and, according to Peter Schiff, the precious metal will soon show maximum growth.

“Trying to explain the concept of money to Bitcoin holders is like banging your head against a wall. These guys have to learn a very expensive lesson in economics and test the saying on their own: “easy come, easy leave,” he said.

We add that earlier Peter Schiff even called “fools” of people who hold cryptocurrency in their portfolios.