Peter Schiff has criticized Ethereum, labeling it structurally weaker than Bitcoin, and warned of a potential price drop below $3,350. His comments came as the cryptocurrency market experienced a significant sell-off following the announcement of a 100% tariff on Chinese imports. This development led to sharp declines in major cryptocurrencies, with Ether plummeting 12.8% and Bitcoin falling 8.1% within 24 hours, according to CoinMarketCap. The crypto community, including Cardano founder Charles Hoskinson, responded to Schiff's remarks, highlighting his history of inaccurate predictions. Despite the criticism, Schiff's comments have added to the ongoing debate about the relative strengths of major cryptocurrencies amid volatile market conditions.
Peter Schiff Criticizes Ethereum Amid Market Sell-Off, Ether Falls 12.8%
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