Peter Schiff on the Bitcoin Crash: “Get the Hell Out”

Key points

• Economist and gold advocate Peter Schiff urged Bitcoin holders to sell following recent market downturns.
• When questioned about past multi-year declines experienced by traditional assets like gold and the Nasdaq before their eventual recoveries, Schiff argued that Bitcoin faces a fundamentally different economic backdrop that distinguishes its current drop from those historical market cycles.

Summarized automatically by Kryptokite from reporting by Bitcoin Magazine. Read the original sources for full detail.