Peter Schiff advises his followers to sell all their Bitcoin following’s announcement

Peter Schiff

Following’s announcement about its inability to conduct business as usual, prominent Bitcoin and crypto critic Peter Schiff has been actively pushing the selling narrative to his followers.

Schiff also stated that there will be much more in the near future and advised his subscribers to sell all of their Bitcoin (BTC) if they still have any on exchange, if at all possible.

FTX is currently the only exchange in the top ten that is unable to process withdrawals at full capacity.

Obviously, the situation surrounding is the result of the FTX’s insolvency. The crypto lending and borrowing platform announced the suspension of withdrawals and advised clients to refrain from making deposits until further notice.

The FTX saga, however, is not the only reason Peter Schiff is concerned about the future of the first cryptocurrency.

The most recent CPI data release, according to the economist, should not be considered fuel for Bitcoin or the cryptocurrency market in general.


Roland is a Public Relations & Communications guru with an immense passion for the blockchain and crypto industry. A fusion of his expertise and passion led to the dawn of Optimisus in 2020.