The president of Euro Pacific Capital, a financial analyst, a supporter of investments in gold and an opponent of cryptocurrencies, believes that Bitcoin holders have one last chance to sell their assets at a favorable price.
Peter Schiff reported that since the beginning of April, the price of gold has increased 8.7%, silver – 3.4%, and the price of Bitcoin has decreased by 7%. The expert called for buying gold and abandoning cryptocurrencies.
As of April 4, according to the American Hartford Gold Group, gold prices were close to $2,300 per troy ounce. The growth of the precious metal has been accelerating since mid-February 2024.
According to Peter Schiff, the growth of gold prices will continue, but for the first cryptocurrency the situation will only get worse.
Some time ago, the financier had a different point of view. During a speech on the “Theory of Impact” program, the expert regretted not buying bitcoins back in 2010.
Earlier, Peter Schiff said that you should not invest in Bitcoin-linked spot exchange-traded funds (ETFs) and why it is better to pay attention to gold.
Source: Cryptocurrency
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