Peter Schiff Warns Ethereum Could Plummet to $1,000

Economist and prominent Bitcoin critic Peter Schiff warns investors that Ethereum (ETH) could soon experience a sharp decline. He predicts ETH may plunge below the $1,000 mark within a short timeframe. A second analyst has also flagged potential losses for Ethereum, predicting a 50% drop due to the Federal Reserve’s aggressive quantitative tightening measures. This bearish outlook comes as Ethereum currently suffers among other cryptocurrencies during the ongoing market downturn that has seen Bitcoin and altcoins alike decline in value.