Peter Schiff: If Bitcoin fails to keep up with gold's gains, its status as digital gold will be weakened and it will eventually crash.
According to ChainCatcher, gold advocate and economist Peter Schiff stated on the X platform that everyone expects bitcoin to follow gold and soar to new highs. However, the market has given speculators too much time to buy in. A more likely scenario is that bitcoin fails to keep up with gold's gains, which will weaken its status as "digital gold" and ultimately lead to a crash.
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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