Peter Schiff, known for his bearish views on Bitcoin, has reiterated his stance, predicting that Bitcoin will likely drop below $58,000. Schiff, the CEO and chief global strategist at Euro Pacific Capital, pointed out the recent record highs in gold prices as evidence of Bitcoin's declining appeal.
Schiff emphasized that Bitcoin's recent performance is mirroring that of gold, which he believes further proves his point. He has been a long-time critic of Bitcoin, favoring gold as a more stable investment option.
The article was originally published on The Coin Republic and details Schiff's ongoing belief that Bitcoin's future remains uncertain compared to the historical stability of gold.
Fuente: www.thecoinrepublic.com ↗
