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
Data: A certain whale bought 134,680 SOL today and is currently at an unrealized loss of $8 million.
The US SEC's 2026 examination priorities do not explicitly mention cryptocurrencies.
Japanese and South Korean stock markets close sharply lower
The LIBRA team bought 127,774 SOL at an average price of $133.
Trending news
MoreCrypto prices
More
