{"id":16969,"date":"2022-01-23T13:55:56","date_gmt":"2022-01-23T12:55:56","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=16969"},"modified":"2022-01-23T13:56:05","modified_gmt":"2022-01-23T12:56:05","slug":"mike-novogratz-challenges-peter-schiff-to-a-1m-bitcoin-price-bet","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/mike-novogratz-challenges-peter-schiff-to-a-1m-bitcoin-price-bet\/","title":{"rendered":"Mike Novogratz challenges Peter Schiff to a $1M Bitcoin price bet"},"content":{"rendered":"\n
Mike Novogratz, CEO of Galaxy Digital,<\/a> has challenged Peter Schiff, CEO of Euro Pacific Capital, to a $1M Bitcoin price bet. The $1M goes to charity if Bitcoin does not trade above $35,000 in a year's time.<\/h5>\n\n\n\n
\"Mike<\/figure><\/div>\n\n\n\n

Novogratz has offered the most frequent Bitcoin doom prophet \r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a>a $1 million wager over the latter\u2019s oft-repeated prediction that the cryptocurrency industry is destined to crash and burn.<\/p>\n\n\n\n

Bitcoin will trade above $35,000 in a year, according to the cryptocurrency tycoon. If he's wrong, he'll contribute $1 million to his favourite charity. Schiff has yet to respond to the bold proposal.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

Novogratz projected that the price of Bitcoin will bottom near the $38,000 support level, but he also warned investors that rising bond yields <\/a>would keep the market under pressure. During a persistent sell-off, the bellwether cryptocurrency fell to $34,000, its lowest price since late July.<\/p>\n\n\n\n

Last February, Novogratz forecasted that Bitcoin will hit $100,000 in 2021, but the top cryptocurrency peaked at $69,000 in early November before turning bearish. Out-of-control inflation spurred the Federal Reserve of the United States to adopt a hawkish attitude, which is said to be the primary reason why bears are currently in control.<\/p>\n\n\n\n

Other Bitcoin opponents tweet<\/h2>\n\n\n\n

Schiff has recently been tweeting nonstop about Bitcoin and the broader cryptocurrency market, finally feeling vindicated. He's hardly the only eternal bear rejoicing in the cryptocurrency fall.<\/p>\n\n\n\n

Nassim Taleb, the author of “Black Swan,” recently tweeted that a dropping price makes Bitcoin more expensive and less desirable<\/a>.<\/p>\n\n\n\n

\"\"<\/figure>\n\n\n\n

NYU economist Nouriel Roubini recently tweeted that El Salvador<\/a> is now \u201ceffectively bankrupt\u201d because of his Bitcoin bet.<\/p>\n","protected":false},"excerpt":{"rendered":"

Mike Novogratz, CEO of Galaxy Digital, has challenged Peter Schiff, CEO of Euro Pacific Capital, to a $1M Bitcoin price bet. The $1M goes to charity if Bitcoin does not trade above $35,000 in a year’s time. Novogratz has offered the most frequent Bitcoin doom prophet a $1 million wager over the latter\u2019s oft-repeated prediction […]<\/p>\n","protected":false},"author":12,"featured_media":16975,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21],"tags":[6743,5371,6119,6720,6742],"class_list":["post-16969","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bet","tag-bitcoin-2","tag-bitcoin-price-2","tag-mike-novogratz-2","tag-peter-schiff-2"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2022\/01\/image-180.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16969","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=16969"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/16969\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/16975"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=16969"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=16969"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=16969"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}