The value of bitcoin once again reached above 21k. There could be many reasons for this, but a section of the crypto market is giving a lot of credit to the investment of SBF during Salt Conference in Bahamas .

     Young billionaire Sam Bankman-Fried (SBF) has bought a 30% stake in American crypto entrepreneur Scaramucci's bitcoin investment management firm SkyBridge, giving a fillip to the crypto, especially the bitcoin market.

However, there are opponents to this idea as well.

Peter's Rejection

     Peter Schiff, the strong critic of bitcoin, has brushed off the views of these experts, believing that SBF's interest in bitcoin is nothing new that could impact its value from its investments. Schiff describes the price of bitcoin above $21K as a low. Those who purchase at the price have a selling opportunity.

Thoughts 

     Personally, I don't believe any SBF investment can spark growth in the cryptocurrency industry. But aside from traders, I would not advise anyone to sell their bitcoins.