{"id":561851,"date":"2020-05-30T17:39:07","date_gmt":"2020-05-30T15:39:07","guid":{"rendered":"https:\/\/en.ethereumworldnews.com\/?p=561851"},"modified":"2020-05-30T21:23:58","modified_gmt":"2020-05-30T19:23:58","slug":"peter-schiff-labels-bitcoins-btc-recent-rally-as-manipulation","status":"publish","type":"post","link":"https:\/\/en.ethereumworldnews.com\/peter-schiff-labels-bitcoins-btc-recent-rally-as-manipulation\/","title":{"rendered":"Peter Schiff Labels Bitcoin’s (BTC) Recent Rally as Manipulation"},"content":{"rendered":"
In summary:<\/strong><\/p>\n Popular Bitcoin critic, Peter Schiff, has once again thrown a jab at BTC<\/a> by labeling its recent rally from $9,100 levels it $9,600 as manipulation. Mr. Schiff was responding to a tweet by the Co-Founder and CEO of Gemini Exchange, Tyler Winklevoss, which pointed out that Bitcoin had defied the FUD thrown by Goldman Sachs advising against investing in BTC and cryptocurrencies.<\/p>\n Peter Schiff further claimed that Bitcoin was a pyramid scheme that had run out of fools and whales such as Tyler Winklevoss, were pumping the price to keep it going. The initial conversation between the two can be found below.<\/p>\n Probably due to whales like you manipulating the price higher to downplay the significance of the bad news. The supply of greater fools is running low, and is unlikely to include enough institutional investors to keep the pyramid scheme going.<\/p>\n — Peter Schiff (@PeterSchiff) May 30, 2020<\/a><\/p><\/blockquote>\n\n
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