Economist Peter Schiff warns: The sell-off in tech stocks may spread to the broader U.S. stock market, and Bitcoin. could face even steeper declines
Peter Schiff, a well-known economist and long-time critic of Bitcoin, has warned that the sell-off currently sweeping through tech stocks could eventually spread to the broader U.S. stock market and deal an even heavier blow to cryptocurrencies Bitcoin. He believes that Bitcoin, as high-risk assets rather than safe-haven assets, will face more severe sell-offs than traditional markets during a deep stock market decline.
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