Peter Schiff: Bitcoin is currently worth only 15.5 ounces of gold, down 57% from its 2021 peak
Foresight News reported that gold advocate and economist Peter Schiff tweeted, "Bitcoin is currently worth only 15.5 ounces of gold, down 57% from its 2021 peak and just 10% higher than its 2017 high. Despite strong endorsements from Wall Street and the Trump administration, most people who hold bitcoin would have made more profit if they had bought gold or silver instead."
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.
You may also like
Costco's Value Strategy Supports Share Gains Amid Consumer Volatility, BofA Says
CleanTech Raises CA$290,000 After Closing Second Tranche of Private Placement
Papa John's on a Quality Quest as its Shares Stall -- WSJ
OGE Energy Set for 'Steady Stream' of Positive Updates in Next 12 Months, RBC Says
Crypto prices
More
