Peter Schiff: Bitcoin has dropped 32% from its August peak when priced in gold
ChainCatcher reported that economist and cryptocurrency critic Peter Schiff stated on social media that gold is "eating bitcoin's lunch," with bitcoin priced in gold having dropped 32% from its August peak. He believes this bitcoin bear market will be extremely brutal. He advises holders to sell bitcoin and buy gold.
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
Trending news
MoreAccording to a recent filing submitted by Century Aluminum Company to the U.S. Securities and Exchange Commission, the company's gross profit margin for certain reporting periods was affected to some extent due to changes in accounting policies.
Canada S&P/TSX Composite Index closed down 2.19% at 33,784.94 points, retreating from its all-time closing high; Small-cap index closed down 4.28%, also pulling back from its all-time closing high.
Crypto prices
More
