Opponents of bitcoin intensified amid falling crypto market

by in Cryptocurrency News

Peter Schiff

Bitcoin started the new week with a sharp drop in the rate. On the evening of June 21, the coin fell to $ 32,000. On some exchanges, it briefly dropped even below this psychological mark.

Against the background of the fall in the value of BTC and altcoins, opponents of the cryptosphere have once again become more active. BCA Research strategist Peter Berezin, for example, said that Bitcoin would soon disappear.

He expressed his point of view in an interview with Kitko News and noted that in addition to volatility, BTC has environmental problems. Cryptocurrency mining is causing great harm to the environment, and this factor greatly undermines its investment attractiveness.

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Berezin did not forget to mention the criminal use of BTC. The expert stressed that recently, the scale of the activity of malicious software, which requires ransom in digital currency from victims, has sharply increased.

A longtime opponent of Bitcoin, Peter Schiff, did not stand aside.

The financier tweeted that the Bitcoin pumping was provoked by such famous people as Elon Musk and Michael Sailor. If they had not begun to promote the cryptosphere, then Bitcoin would have been trading at a minimum.