Peter Schiff: Bitcoin’s Crash Against Gold Reveals the True Nature of the “Digital Gold” Scam
ChainCatcher News, economist Peter Schiff posted on X stating that the price of bitcoin has fallen below $90,000, a 28.5% drop from its all-time high, while the bitcoin price denominated in gold has dropped about 40% as gold remains above $4,000. He claimed that this relative decline exposes the fraudulent nature of the "digital gold" narrative and believes that investors involved will sell off.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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Data: 3.3338 million WLD were transferred out from a certain exchange, worth approximately $20.41 million.
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