Team "FUD" had a day yesterday, with Bitcoin (BTC-USD) plunging from nearly $42K to about $30K at its lowest level. Alongside, Ethereum (ETH-USD) sunk to nearly $900 from above $1,300."An asset that drops 28% over a weekend is not a safe-haven, a store of value, or a viable hedge against inflation," tweeted team FUD's spiritual leader Peter Schiff at what turned out to be nearly the exact low of the day.Still feeling his oats a couple of hours later, Schiff claimed "very few" institutional players are actually buying bitcoin, it's just folks like Michael Saylor (MSTR) are making so much noise about it. That was quickly refuted by Tyler Winklevoss, who as the owner of Gemini exchange might be in a better position to know.Observing yesterday's wreckage, some point to yet another outage at Coinbase (COINB) on the way down at around the $38K level as generating a flurry of panicky
