Peter Schiff: Bitcoin’s Crash Against Gold Reveals the True Nature of the “Digital Gold” Scam
ChainCatcher News, economist Peter Schiff posted on X stating that the price of bitcoin has fallen below $90,000, a 28.5% drop from its all-time high, while the bitcoin price denominated in gold has dropped about 40% as gold remains above $4,000. He claimed that this relative decline exposes the fraudulent nature of the "digital gold" narrative and believes that investors involved will sell off.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Citigroup: Inflation Surpasses Tariffs as the Top Concern for Family Offices, Wealthy Individuals Flocking to Gold and U.S. Stocks
A survey by Citigroup shows that among 350 family offices across more than 40 countries, inflation has replaced trade wars and tariffs as their biggest concern, followed by interest rates and the stability of the global financial system. More than 90% of family offices surveyed reported positive returns this year, and nearly half said they increased their holdings of publicly listed stocks in the first half of the year. Meanwhile, Citigroup’s head of wealth management noted that gold now features in almost every client conversation he has.
Hyperliquid Rises to Record High -- Market Talk
Crypto prices
More
