The Bitcoin price has seen a downward fall below $10,000 within a span of half an hour. The steep fall in the BTC price has also affected the crypto market and some of the well-known crypto enthusiasts and investors.
The BTC price fell drastically to $9,400 giving a weekly low. Analyzing this price fluctuation, the top crypto influencer, John McAfee mentioned his point of view as well. He feels that there is no need to panic after looking at this price fall.
He tweeted saying,
“Bitcoin under $9,500. If you are panicking, you are a fool.”
BTC has broken by substantial price. Peter Schiff has also mentioned it in his tweets stating,
“Bitcoin has again failed the safe haven test. On Friday, as escalating trade tensions sent global stock markets plunging, investors sought refuge in monetary safe havens. The Japanese yen, Swiss franc, and especially gold all moved higher. Yet Bitcoin plunged by more than stocks!”
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