Less than 24 hours after Peter Schiff said gold’s "rally is real" unlike Bitcoin’s, the bullions price nosedived significantly to $2,020.
Highlights
- American economist and staunch gold advocate, Peter Schiff, recently asserted in a post on an X platform, that Bitcoin’s recent surge is attributable to a pullback in gold’s price.
- Schiff also predicted a “spectacular crash” for the maiden cryptocurrency, Bitcoin.
- Schiff said the bullion’s “rally is real” unlike Bitcoin’s.
- Less than 24 hours after his bullish comments, the bullions price nosedived significantly to $2,020.
- Bitcoin remains up over 10% in the past five trading days and almost 20% on the month.
- The Securities and Exchange Commission is expected to announce its decision by January 10 to approve a spot Bitcoin exchange-traded fund (ETF)
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Bitcoin Bulls Crush Shorts: $181 Million Wiped After Rally