In a recent tweet, Bitcoin critic and gold bug Петир байлдаан urged Bitcoin hodlers to sell ahead of the CPI data release, claiming that Bitcoin rising above $18,000 is an excellent opportunity to offload their holdings.
#Bitcoin 18 миң доллардан жогору соодаланып жатат, анын 3 жумадагы эң жогорку деңгээли, бул үчүн эң сонун мүмкүнчүлүк #HOLDERS декабрь айы-нын алдында сатууга. #CPI. Мы гана $ 10 жогору болуп, 8 айлык жогорку соода. Bitcoin буга чейин талкаланып жатканда, алтын жарылып кеткен. Биткойн таштоого убакыт келди.
- Петир, байлдаан (@PeterSchiff) January 12, 2023
«Bitcoin $ 18K жогору соода жатат, анын 3 жумадагы эң жогорку деңгээли, HOLDers үчүн декабрь КБИнин чыгаруу алдында сатуу үчүн сонун мүмкүнчүлүк. Алтын 10 долларга гана кымбаттап, акыркы 8 айдын эң жогорку чегинде сатылууда. Bitcoin буга чейин талкаланып жатканда, алтын жарылып кеткен. Биткойн таштоого убакыт келди”, - деп жазды Шифф твиттерде.
Bitcoin on Thursday rose to its highest level in over a month, as traders bet on a U.S. inflation cooldown. According to CoinMarketCap data, Bitcoin was trading 4.3% higher at $18,197 at the time of writing.
Schiff has frequently criticized Bitcoin, most recently claiming that the leading crypto asset would never reach $100,000.
CPI data release
On Thursday, the consumer price index report for December is scheduled to be released. According to economists surveyed by Dow Jones, the December CPI report will show that prices decreased by 0.1% from the previous month.
The market is intensely focused on inflation since the Fed’s success in containing it could influence how far it hikes interest rates.
On Wednesday, cryptocurrency and stock prices increased as investors became more certain that the Federal Reserve’s interest rate increases were successfully containing inflation.
While several are optimistic about the return of bulls to the crypto market in 2023, Jean-Baptiste Graftieaux, CEO of Bitstamp, believes the Bitcoin bull run will probably come in the next two years, the crypto exchange CEO told CNBC in a recent interview.
Source: https://u.today/peter-schiff-urges-bitcoin-hodlers-to-sell-ahead-of-cpi-release