Bitcoin is Having a False Price Rally, Says Gold Bull Peter Schiff

2019-6-2 14:19

A sharp rebound that sent the bitcoin price 179 percent higher this year could soon fizzle, according to Peter Schiff of Euro Pacific Asset management. The veteran stockbroker said bitcoin has not accurately recovered from 2018’s bearish sentiment, wherein its rate dropped from $20,000 to $3,200 in just 11 months.

Adding that every bear market. . .

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How long can silver and gold outperform Bitcoin before reverting to type?

Bitcoin bear Peter Schiff has spent years sounding the alarm on Bitcoin, repeatedly arguing that investors are better off sticking with traditional safe-haven assets like gold and silver. As one of crypto’s most outspoken skeptics, Schiff has consistently dismissed Bitcoin’s long-term value proposition while championing precious metals as the ultimate store of wealth.

2026-1-29 22:05