Schiff Mocks Crypto Millionaires as Bitcoin Collapses to $76K
Prominent financial commentator Peter Schiff has joked that there will be a boost in U.S. manufacturing since a lot of cryptocurrency millionaires “are going to need jobs.”
The facetious comment comes amid a brutal Bitcoin price crash. Earlier this Tuesday, the leading cryptocurrency plunged to as low as $76,600 on the Bitstamp exchange. It is currency trading close to $80,000 after paring some losses.
The ruthless crypto sell-off has coincided with another stock market rout. The Nasdaq 100 has logged its worst day since 2022, plunging by nearly 4%. Strategy (MSTR) and Tesla (TSLA) shares were down 16.68% and 15.43%, respectively. The massive…
