Crypto Cynic Peter Schiff now predicts Ethereum below $1000
Peter Schiff, a well-known economist and vocal critic of cryptocurrencies, has issued a fresh warning about Ethereum’s future.
In a post on X, he pointed out that Ether (ETH) recently crashed below $1,500 for the first time in over two years, with an overnight drop of nearly 20%. At its lowest point, ETH touched just above $1,400.
According to Schiff, this decline could be just the beginning. “I don’t think it will be long before it breaks below $1,000,” he posted on X (formerly Twitter). His comment has sparked concern among crypto investors, especially those already rattled by recent market volatility.
Although ETH dipped below $1,600 earlier, it is currently trading around…
