In 1978, a certain Jim Jones, spiritual leader of the religious cult "Temple of Nations" and the founder of the ideological community Johnstown ordered his zombified followers to commit mass suicide by drinking the then-popular in the US soluble drink Kool-Aid with a taste of grapes. It was generously flavored with cyanide and diazide. Out of 1,100 Johnstown residents who drank poisoned Kool-Aid, 913 died, including 200 children. This incident went down in history as "the massacre at Johnstown."
According to Peter Schiff, market analyst and executive director of Euro Pacific Capital, investors who buy Bitcoin are just like sectarians forty years ago who “drink poisoned Kool-Aid” which role Bitcoin plays.
He said”
"It does not matter how expensive this virtual coin will be. They will never be able to sell it.”
He explained that there is nothing beyond Bitcoin, and this is nothing better than fiat money. Among cryptocurrency fans it has value. While it's being bought, it's worth something. But as soon as the buyers leave the market it will cost nothing.
He is sure that all its mass profits will disappear like the newly-made billionaires. Once the fever around it is over, Bitcoin will cost $0, and that is its real value.
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