Economist Peter Schiff took a dig at the conviction of Bitcoin (CRYPTO: BTC) holders on Sunday,  suggesting that their expectations might be misguided.

Schiff Questions ‘Overwhelming’ Consensus Among Bitcoiners

In an X post, Schiff challenged Bitcoiners’ supposed conviction that they are guaranteed “extraordinary gains” if they weather the market’s volatility.

“When such an overwhelming consensus develops, markets tend to confound expectations by doing the opposite of what the crowd expects,” the Bitcoin critic added.

See Also: Vanguard Exec Says Bitcoin Is Like ‘A Digital Labubu’

The Counter-Point

The post comes as Bitcoin’s price dropped below $88,000 on Sunday,…

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