Experts have revealed future bulls after in-depth Bitcoin price prediction analysis following gold boy Peter Schiff’s remark on volatility.
Peter Schiff, the renown gold supporter who is quite a skeptic to cryptocurrency and its use in the wider world, has been taunting the crypto community about the latest Bull run of 2019.
His view on the matter is that the volume traded this bull run, despite all the hype, the crypto coins have been generating is less than that was amassed in 2017.
He is of the view that with popularity, more people have opened doors to the non-tangible asset, yet the volume seems to dwindle below the expected results.
If Bitcoin really is gaining in popularity, why was volume on the most recent rally so much lower than during the 2017 rally? If interest and adoption have peaked, so too has price. That's why this rally peaked so far below the 2017 high, and why the 2019 low will not hold!
— Peter Schiff (@PeterSchiff) July 28, 2019
This outraged the crypto community and Bitcoinist reported an all-time (ATH) past week trading session. While Phillip Kennedy, a financial counselor used BitcoinMarketCap as his trusty war weapon- that showed a three hundred(300%) percent increase in the 2019 July volumes compared to figures from the 2017 tenure.
Peter Schiff retaliated with data from Blockchain.com and was victorious with limited calculations on being displayed on the website that presented a much lower daily level- which another user pointed out-was due to off-grid transactions- like those performed on the Lightning Network.
Willy Woo replied that a steady Bitcoin bull run such as that f 2019, driven by institutional intervention is beneficial. This is just the beginning of the actual bull season coming ahead.
Meaning that the bull run isn’t even a thing yet, while BTC has raked in more than 300% of the 2017 volume. Also, Woo stated that 2020 be the year of Bitcoin.
Peter Schiff isn’t going to budge. He is adamant of his belief on gold and reluctance of using Bitcoin even after he was donated BTC by one hundred and twelve people (112). The funds amounted to 0.2BTC.
According to Schiff, the price was never relevant. It’s the principal.