Peter Schiff, who is not very well-known in the cryptocurrency world, said in his statement on his X account that “silverBitcoin Claims to be 2.0″ did.
As we reported as Koinfinans.com, silver attracted attention with an increase of nearly 6% in dollar terms in the early hours of the day.
The phenomenon of comparing Bitcoin and silver started in March when BTC surpassed its rival in terms of market value. BTC gained the advantage in this competition when it exceeded $ 70,000. However, this rally could not remain strong enough and fell to around $66,000.
Silver, on the other hand, is trading very close to regaining its annual peak of $26.14. The historical peak was at $46.47 on March 27, 2011. The price of gold, another popular investment tool, increased by 1% in dollar terms and is traded at $2274 per ounce.
In a separate post on social media network X, Schiff also drew backlash by reiterating that Bitcoin has no value proposition.
On the other hand, the criticism of Better Markets CEO Dennis Kelleher, who describes crypto as an illegal and useless industry on the Bloomberg channel, bears similar traces:
“They had 14 years to find a legitimate socially beneficial use for crypto, and they did. Crypto is only useful for wild speculations, gambling and is the financial product of choice for criminals worldwide… This is not my opinion. These are objective facts.”
