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The famous gold supporters of Peter Schiff (Peter Schiff) said, "Only a fool could choose Bitcoin" rather than gold.
In the tweet March 24, the Schiff (Schiff) expressed negative views on the intellectual abilities Bitcoin (BTC) investors. He wrote:
"Only a fool could choose Bitcoin. So far this year, gold rose more than 7%, while Bitcoin fell 3%. Gold is only 2% higher than the high point in 2020, but bitcoin than the high point in 2020 35% lower! "
Schiff also pointed out that during the 2008 financial crisis, gold dropped by about 25 percent, and hit a new high within seven months. Based on this, he made the following prediction:
"During the 2008 financial crisis, gold dropped about 25%, and took seven months to hit a new high this time, gold fell by only about 15%, and may hit a new high in a month. This indicates that this the severity of the financial crisis, as well as the extent of the Fed's policy of re Lu current. "
"Bitcoin is still in a bear market."
Schiff was in another tweet said that supporters of Bitcoin accused him of ignoring the token 12% of the day's gains. He answered them:
"Bitcoin is still in a bear market. Compared with 2020 highs, it is still down 35% so far this year also fell by 3%. In contrast, gold is in a bull market. Only 2% below 2020 highs, So far this year increased 7 percent. "
It is worth mentioning that, Schiff (Schiff) praise of Kim and his personal interests exactly the same. He is chairman of the precious metals dealer Schiffgold.
As Cointelegraph as previously reported, Schiff often try to convince his followers, Bitcoin is not worth the investment. March 10, Bitcoin soared to $ 8.150 in the event of resistance before retreating to $ 7.730 in free fall time and most of the market. Chef ignore the fact that time and said:
"Bitcoin is no longer a non-related assets. It is a positive correlation with stocks and other risky assets, while negative correlation with gold and other safe-haven assets when risky assets fall, the greater Bitcoin rate of decline. However, when the increase in risk assets, Bitcoin gains will be reduced. worthless! "
As of press time, as Wall Street opened in green, Bitcoin day up 6%.
