Is Bitcoin “digital gold”? Peter Schiff says 'maybe it will never reach' new gold price high as economist shares data that undermines case
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Economist Rock Schiff on Sunday shrugged disabled Bitcoin BTC/USD recent save run And took exception has It is comparison with gold.
What Arrived: Sharing A chart on X showing Bitcoin value wording In dollar, Schiff said, although THE cryptocurrency do A new high Dear In dollars, he doesn't hit "A new high Dear In gold. »
"Maybe he Never will. That undermine THE case For Bitcoin be digital gold," he added.
Gold East considered A on haven that can isolate her investment during inclement terms. He East typically added has wallets has reduce volatility.
See Also: How HAS Buy Bitcoin (BTC)
For what It is Important: Bitcoin was A of THE the most efficient assets In 2023 And THE buoyant feeling continued In 2024. After add on 155% In 2023, THE king crypto has added about 67% This quarter in the middle of SECOND approval For place Bitcoin BTC/USD exchange traded funds.
Larry Tentarelli, Chief Technical Strategist at Blue Chip Every day Orient yourself Report waits THE crypto has earn further ground This year And finishing has on $100,000. THE Future Bitcoin reduce by half, expected around April 19-20, could be THE catalyst conduct he upper, provided that THE 10 years bind yield do not to break out on 4.40%.
But a few analysts predict A withdrawal After THE recent earnings. Schiff, For A, has accused THE media of promote Bitcoin And Underlines THE boundaries In trade Bitcoin ETF.
Gold, in the meantime, East on A strong run, END THE quarter has A save high of $2,254.80. He sharp has $2,256.90 on Thursday.
HAS last check, Bitcoin negotiated up 0.80% has $70,510.10, according to has Benzinga Pro data.
Read Following: Did Bitcoin, Gold Or S&P 500 Do You Richer This Quarter? What $1,000 Invested In These Active Classes Would have Returned
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga do not provide investment advice. All rights reserved.
Economist Rock Schiff on Sunday shrugged disabled Bitcoin BTC/USD recent save run And took exception has It is comparison with gold.
What Arrived: Sharing A chart on X showing Bitcoin value wording In dollar, Schiff said, although THE cryptocurrency do A new high Dear In dollars, he doesn't hit "A new high Dear In gold. »
"Maybe he Never will. That undermine THE case For Bitcoin be digital gold," he added.
Gold East considered A on haven that can isolate her investment during inclement terms. He East typically added has wallets has reduce volatility.
See Also: How HAS Buy Bitcoin (BTC)
For what It is Important: Bitcoin was A of THE the most efficient assets In 2023 And THE buoyant feeling continued In 2024. After add on 155% In 2023, THE king crypto has added about 67% This quarter in the middle of SECOND approval For place Bitcoin BTC/USD exchange traded funds.
Larry Tentarelli, Chief Technical Strategist at Blue Chip Every day Orient yourself Report waits THE crypto has earn further ground This year And finishing has on $100,000. THE Future Bitcoin reduce by half, expected around April 19-20, could be THE catalyst conduct he upper, provided that THE 10 years bind yield do not to break out on 4.40%.
But a few analysts predict A withdrawal After THE recent earnings. Schiff, For A, has accused THE media of promote Bitcoin And Underlines THE boundaries In trade Bitcoin ETF.
Gold, in the meantime, East on A strong run, END THE quarter has A save high of $2,254.80. He sharp has $2,256.90 on Thursday.
HAS last check, Bitcoin negotiated up 0.80% has $70,510.10, according to has Benzinga Pro data.
Read Following: Did Bitcoin, Gold Or S&P 500 Do You Richer This Quarter? What $1,000 Invested In These Active Classes Would have Returned
Photo: Shutterstock
© 2024 Benzinga.com. Benzinga do not provide investment advice. All rights reserved.
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