Peter Schiff: Bitcoin’s danger isn’t a sharp price collapse
Economist and crypto skeptic Peter Schiff has urged Bitcoin investors to reconsider their investment in the cryptocurrency amid rising gold and silver prices. The economist stated that volatility in the currency, bond, and digital asset markets is creating conditions favorable for investing in traditional stores of value, namely precious metals. Schiff noted new record highs reached by gold and silver: $4,967 and $99.24 per ounce, respectively. Meanwhile, Bitcoin is trading at $88,000—approximately 30% below its…
