Peter Schiff Warns of Potential Trap Door in Bitcoin Price

Bitcoin's recent stability above the $60,000 mark has led some investors to believe that this level is a strong price floor for the cryptocurrency. However, Peter Schiff, a well-known critic of Bitcoin, disagrees with this assessment.

In a recent conversation on X, Schiff stated that he believes the $60,000 level is actually a 'trap door' that Bitcoin may fall through. He warned that it's a long way down and hinted at further downside for Bitcoin's price.