[[{„value”:”
Peter Schiff, a well-known Bitcoin hater and gold bug, has once again made a bearish call for Bitcoin. He said the world’s largest digital currency will likely plunge under $58,000.
Schiff, the CEO and chief global strategist at Euro Pacific Capital, said that Bitcoin is performing similarly to gold, which has recently reached its historical high.
Peter Schiff Predicts Bitcoin Crash Amid Gold Surge
Gold has recently hit a record of over $2,586, as explained by Schiff, which supports that it is a strong asset. He also noted that while Bitcoin is going down, silver is rising and has crossed the $31 mark.
Schiff also pointed out that Bitcoin cannot be considered “digital gold” or “digital silver,” stating that it doesn’t hold value for long-term investment. Schiff’s criticism does not stop at the price differentials either.
He has remained very vocal, saying the leading crypto has no value and may have reached its zenith. In his reaction to the online reactio

Czytaj więcej

We współpracy z: https://www.thecoinrepublic.com/2024/09/16/gold-hits-record-high-bitcoin-loses-shine-peter-schiff/