Leading cryptocurrency to bitcoin Peter Schiff, CEO of Euro Pacific Capital, has expressed his hostility towards him at every opportunity. bitcoin continues his criticism.
Noting that there are still people who see the future potential in Bitcoin in his post on his Twitter account, Schiff said, to bitcoin claimed that people who are stuck live in the past.
Gold The US stockbroker, who is known for taking a pro stance, described gold as the most valuable asset and said that “gold is the future”.
Warning from Peter Schiff!
Claiming that Bitcoin’s candle will explode soon, Peter Schiff, bitcoin He warned his HODLers.
“Bitcoin investors who cannot accept the fact that Bitcoin will be replaced by gold will eventually lose everything.”
Schiff said that Bitcoin will lose its popularity and attractiveness in the coming years and of gold He said he would shine.
The famous critic said that the massive increase in Bitcoin adoption and price over the past 10 years does not mean that it will continue in the future.
People still fixed on #Bitcoin are living in the past. #Gold is the future. The last ten years are irrelevent to what will happen over the next. This is gold’s time to shine. Bitcoin’s candle will soon blow out. Bitcoin HODLers who fail to grasp the change will lose everything!
— Peter Schiff (@PeterSchiff) February 17, 2022
Peter Schiff’s Gold-Bitcoin Comparison!
Stating that the price of gold rose above $ 1,900 for the first time in eight months due to the events between Russia and Ukraine, Schiff drew attention to the fact that Bitcoin fell below $ 42,000 again.
Stating that Bitcoin fell in the face of the rise of gold, Peter Schiff said:
“What was promoted as digital gold has become anti-gold.”
the price of #gold just rose above $1,900 for the first time in eight months. meanwhile #Bitcoin is back below $42,000. What was promoted as digital gold has become the anti-gold. A bet on Bitcoin is a bet against gold. It’s like being short gold but with a maximum loss of 100%.
— Peter Schiff (@PeterSchiff) February 17, 2022
*Not investment advice.