Peter Schiff: Holders of BTC as collateral will be forced to liquidate after BTC falls below $39,000

Time：2022-03-05 Source： 1109 views Mining Copy share

On March 5, Chief Economist Peter Schiff tweeted that when Bitcoin falls below the $39,000 lower bound, it may fall to a lower support line.

Most HODLers (holders) who put Bitcoin as collateral for a loan will be forced to liquidate at prices well below what they would have been at the time of margin calls.

Peter Schiff: Holders of BTC as collateral will be forced to liquidate after BTC falls below $39,000

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