Economist warns ‘too many people long Bitcoin,’ will end up disappointed

Economist warns that a large number of people have high hopes for Bitcoin and may be disappointed in the end. Despite the cryptocurrency’s recent price surge, influential figures like economist Peter Schiff remain skeptical. Schiff believes that too many individuals are holding onto their long positions in Bitcoin, assuming that its price will continue to rise. However, making accurate price predictions for Bitcoin is difficult, and forecasts from skeptics like Schiff should be taken with a grain of salt. Ultimately, it is important for investors to conduct their own research and carefully assess the risks before investing in any asset, including cryptocurrencies.