Renowned financial expert Peter Schiff has once again stirred the cryptocurrency market by declaring Bitcoin (BTC) ‘dead,’ even as it trades near record highs. Schiff, known for his bearish views on cryptocurrencies, based his latest remarks on BTC’s recent performance against silver, highlighting a stark contrast.
Peter Schiff Critiques Bitcoin’s Comparison to Gold
Schiff points out that since April, Bitcoin’s gain of 2% pales in comparison to silver’s 21% increase. He argues that this underperformance is a sign of Bitcoin’s impending demise. Meanwhile, Bitcoin proponents counter that Schiff selectively uses short-term data to support his narrative. Over the year, BTC has surged by nearly 60%, whereas silver has a more modest year-to-date gain of 14.46%. This juxtaposition fuels ongoing debates between supporters of traditional assets and digital currencies.
 
Further elaborating his stance, Schiff expressed concerns that Bitcoin is often marketed as a digital equivalen

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