Peter Schiff: If Bitcoin fails to keep up with gold's gains, its status as digital gold will be weakened and it will eventually crash.
According to ChainCatcher, gold advocate and economist Peter Schiff stated on the X platform that everyone expects bitcoin to follow gold and soar to new highs. However, the market has given speculators too much time to buy in. A more likely scenario is that bitcoin fails to keep up with gold's gains, which will weaken its status as "digital gold" and ultimately lead to a crash.
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
Ethereum’s $2,540 Retest Becomes Key Test for the Rally
Canton Network breaks 2 month range! – CC’s run to $0.15 depends on THIS zone
Analysis: Wall Street Is Not Yet Ready to Short AI in Large Numbers
Overseas capital is aggressively buying US stocks! Net inflows reached $942 billions over the past 12 months, marking a record since 1985.
According to data from the US Department of the Treasury, in the 12 months ending July this year, overseas investors made net purchases of US stocks totaling $942 billion, marking the highest rolling 12-month total since records began in 1985. The net purchases in the second quarter alone reached $426 billion, setting a new single-quarter record. Meanwhile, overseas demand for US Treasuries has noticeably cooled, with purchase volumes falling significantly. As a result, the US is facing higher costs in government debt financing.
Crypto prices
More
