{"id":157924,"date":"2022-05-20T10:49:56","date_gmt":"2022-05-20T10:49:56","guid":{"rendered":"https:\/\/precoinnews.com\/?p=157924"},"modified":"2022-05-20T10:49:56","modified_gmt":"2022-05-20T10:49:56","slug":"gold-bug-peter-schiffs-message-to-bitcoin-hodlers-dont-get-cocky","status":"publish","type":"post","link":"https:\/\/precoinnews.com\/bitcoin\/gold-bug-peter-schiffs-message-to-bitcoin-hodlers-dont-get-cocky\/","title":{"rendered":"Gold Bug Peter Schiff\u2019s Message to Bitcoin HODLers: \u201cDon\u2019t Get Cocky\u201d"},"content":{"rendered":"<p>On Wednesday (May 18), famous gold bug and cryptocurrency skeptic Peter Schiff expressed surprise at how well the Bitcoin price is holding up (despite all the various macro headwinds and the recent collapse of the Terra ecosystem).<\/p>\n<p><img decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/cryptoglobe.s3.eu-west-2.amazonaws.com\/2022\/05\/BTCUSD_2022-05-20_11-39-06-1280x415.png\"><\/p>\n<p>Peter Schiff\u00a0is the CEO of\u00a0Euro Pacific Capital, a full-service, registered broker\/dealer specializing in foreign markets and securities, and founder and Chairman of\u00a0SchiffGold, a full-service, discount precious metals dealer.\u00a0<\/p>\n<p>On Wednesday, Schiff said on Twitter that he was surprised that Bitcoin was holding up \u201cthis well\u201d, and warned crypto investors that it quite likely that \u201cthis is a bull trap\u201d and that the Bitcoin price is headed quite a bit lower. Crypto influencer and Founder of investment firm Pomp Investments Anthony Pomplianao (aka \u201cPomp\u201d) replied to Schiff, telling him that Bitcoin would \u201ccontinue to surprise\u201d Schiff since it is \u201cincredibly important to the world right now.\u201d <\/p>\n<p><em>To make sure you receive a\u00a0FREE weekly newsletter\u00a0that features highlights from our most popular stories,\u00a0click here.<\/em><\/p>\n<h2>Disclaimer<\/h2>\n<p><em>The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, or other advice. Investing in or trading cryptoassets comes with a risk of financial loss.<\/em><\/p>\n<p>Source: <a href=\"https:\/\/www.cryptoglobe.com\/latest\/2022\/05\/gold-bug-peter-schiffs-message-to-bitcoin-hodlers-dont-get-cocky\/\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>On Wednesday (May 18), famous gold bug<\/p>\n","protected":false},"author":3,"featured_media":157923,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.7 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Gold Bug Peter Schiff\u2019s Message to Bitcoin HODLers: \u201cDon\u2019t Get Cocky\u201d - Pre Coin News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/precoinnews.com\/bitcoin\/gold-bug-peter-schiffs-message-to-bitcoin-hodlers-dont-get-cocky\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gold Bug Peter Schiff\u2019s Message to Bitcoin HODLers: \u201cDon\u2019t Get Cocky\u201d - 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