HomeCryptoBitcoinPeter Schiff vs David Schwartz on the halving topic

Peter Schiff vs David Schwartz on the halving topic

A little less than a month after the fateful bitcoin halving, the major exponents of the crypto and blockchain world start debating about BTC’s price predictions, including detractors of this asset like Peter Schiff who clashed with Ripple‘s CTO, David Schwartz.

Schiff considers the halving event too bullish, pointing out that those who will benefit will only be the people who took the asset before the event, but that after the halving there will be a massive sell-off.

David Schwartz of Ripple spoke in response, pointing out that if there are many people who will start selling the asset, many others will buy it.

Schiff thus has the opportunity to reiterate the concept: according to the economist, those who wanted to buy bitcoin have already done so and therefore there will be no demand for BTC that many expect.

Peter Schiff vs David Schwartz vs Calvin Ayre

At this point, the debate was joined by Calvin Ayre, a Bitcoin SV supporter who explained how BTC is not the real bitcoin, and that halving will not lead to an increase in the price of the asset but there will be a bloodbath among miners. A similar opinion to the BitMEX exchange.

In short, the next halving, the third in history, will certainly have a significant impact both for bitcoin and the blockchain world, but it is still not clear in what direction they will go, given that the economic and social crises also determined by Covid19 are new and therefore it may be the case that BTC will not follow the same trend it had during the past halvings. 

Alfredo de Candia
Alfredo de Candia
Android developer for over 8 years with a dozen of developed apps, Alfredo at age 21 has climbed Mount Fuji following the saying: "He who climbs Mount Fuji once in his life is a wise man, who climbs him twice is a Crazy". Among his app we find a Japanese database, a spam and virus database, the most complete database on Anime and Manga series birthdays and a shitcoin database. Sunday Miner, Alfredo has a passion for crypto and is a fan of EOS.