Long-time Bitcoin critic Peter Schiff has warned cryptocurrency investors that BTC could be the first to lose value if the U.S. dollar crashes.
His prediction comes as more individuals continue to put their money into gold and silver, pushing the metals’ prices higher.
Schiff Claims Bitcoin Could Crash Before US Dollar
The economist recently suggested that the OG crypto’s potential crash would precede a Dollar collapse. “The first casualty of the gold and silver surge will likely be Bitcoin. Before a U.S. dollar crash, we will likely get a Bitcoin Crash,” wrote Schiff on X.
His remarks come as gold recently surged past $4,300 per ounce, while silver climbed above $66. As the precious metals hit record highs, the Bitcoin critic says that this shows people are clearly placing more trust in these assets during periods of uncertainty.
On the other hand, BTC has been experiencing some volatility lately. At the time of writing, it was trading close to $87,000, down 6.4% over the past
We współpracy z: https://cryptopotato.com/peter-schiff-warns-bitcoin-may-crumble-before-the-dollar/
