Jump the sinking Bitcoin ship now, cries crypto critic Peter Schiff

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City AM

By Darren Parkin Bitcoin naysayer Peter Schiff has been urging investors to abandon what he describes as a sinking ship before it’s too late. The 59-year-old stockbroker – a long-term critic of cryptocurrency – regularly rips into digital assets, often branding them as scams and Ponzi schemes. Earlier today he vented on social media to warn people believing they were buying the bottom around $20,000 for Bitcoin that they were being lured into a trap. “Markets rarely give investors much time to buy the bottom,” he warned. “Bitcoin has been trading near $20K for the past 12 days. More likely, $2…

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