On August 15th, Peter Schiff, CEO of Euro Pacific Capital and gold loyal supporter, said on Twitter, "So many bitcoin holders believe that bitcoin prices will skyrocket so much that they dare not sell any bitcoins. Because of the fear of missing huge gains. However, the price of Bitcoin is falling sharply. Imagine how much bitcoin prices will fall once greed turns into fear? If Bitcoin is really digital gold, why is it now in the market? The collapse of the environment? If Bitcoin can't hit a new high in the global stock and currency market turmoil, then under what circumstances will it hit a new high?"