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Famous Investor: This Asset, Not Bitcoin, Could Be “Gold 2.0”!

Israel's retaliatory attack on Iran sent gold back above $2,400. Peter Schiff, known as the 'gold bug', took the stage again after the latest developments. Schiff stated that silver outperformed Bitcoin as a hedge against geopolitical tensions. Schiff also claims that investors of Bitcoin ETFs will soon abandon them. Peter Schiff: Bitcoin cannot be
Israel's retaliatory attack on Iran sent gold back above $2,400. Peter Schiff, known as the 'gold bug', took the stage again after the latest developments. Schiff stated that silver outperformed Bitcoin as a hedge against geopolitical tensions. Schiff also claims that investors of Bitcoin ETFs will soon abandon them.Peter Schiff: Bitcoin cannot be "Gold 2.0", butAs you have been following on Kriptokoin.com, geopolitical tensions have set the pulse of the markets in recent days. Iran's attack on Israel and Israel's retaliation trigger risk aversion in the markets. This increases the demand for safe-haven assets. Gold stands out as one of these safe assets. Peter Schiff, the famous investor known as the gold bug, draws attention to Bitcoin falling below $60,000 due to rising tensions. Schiff even claims that the "Bitcoin fad" is over.At midnight, the Bitcoin price suddenly dropped 6%. However, it then made a strong recovery and rose as high as $64,500. However, Schiff says that the excuses to sell Bitcoin have not run out. He also says that Bitcoin investors who claimed that Bitcoin was the only asset that could be sold when other markets were closed are now running out of excuses. Schiff also notes that gold is outperforming Bitcoin. In addition, he notes that silver should be considered as "gold 2.0" instead of Bitcoin.https://twitter.com/PeterSchiff/status/1781142317576880204BTC loses altitude, while gold and silver riseThe cryptocurrency community is no stranger to Peter Schiff's statements. Schiff sees an opportunity to attack cryptocurrencies as Bitcoin's price falls and gold's performance improves. While experts say that in some ways he is right, historical performance suggests otherwise.Recently, the strong performance of gold and silver prices has created new opportunities for investors. The fact that silver has outperformed gold shows that it is an alternative option for investors looking for stability. Bitcoin's depreciation and market turmoil is a sign that confidence in cryptocurrencies is waning."Bitcoin ETF investors will abandon ETFs!"That's why Bitcoin critic Peter Schiff says that Bitcoin's depreciation highlights the enduring value of gold. Schiff also notes that Bitcoin has experienced a 30% decline compared to previous years. In addition, he thinks that new Bitcoin ETF investors are having an impact on the market. However, Schiff argues that these investors will soon abandon their positions.BTC believers maintain bullish viewsBitwise CEO Hunter Horsley disagrees with Peter Schiff. Horsley is skeptical of the idea that long-term Bitcoin investors are selling off due to rising geopolitical tensions. The CEO claims that conversations with long-term investment experts did not reveal any significant redemptions or concerns about this. Horsley notes a trend where a large number of Registered Investment Advisors (RIAs) and multi-family offices are actively considering investing in Bitcoin, although they do not discuss it publicly.https://twitter.com/HHorsley/status/1781146174256529524Follow us on Twitter, Facebook and Instagram and join our Telegram and YouTube channel to stay up to date with breaking news!
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Israel’s retaliatory attack on Iran sent gold back above $2,400. Peter Schiff, known as the ‘gold bug’, took the stage again after the latest developments. Schiff stated that silver outperformed Bitcoin as a hedge against geopolitical tensions. Schiff also claims that investors of Bitcoin ETFs will soon abandon them.

Peter Schiff: Bitcoin cannot be “Gold 2.0”, but

As you have been following on Kriptokoin.com, geopolitical tensions have set the pulse of the markets in recent days. Iran’s attack on Israel and Israel’s retaliation trigger risk aversion in the markets. This increases the demand for safe-haven assets. Gold stands out as one of these safe assets. Peter Schiff, the famous investor known as the gold bug, draws attention to Bitcoin falling below $60,000 due to rising tensions. Schiff even claims that the “Bitcoin fad” is over.

At midnight, the Bitcoin price suddenly dropped 6%. However, it then made a strong recovery and rose as high as $64,500. However, Schiff says that the excuses to sell Bitcoin have not run out. He also says that Bitcoin investors who claimed that Bitcoin was the only asset that could be sold when other markets were closed are now running out of excuses. Schiff also notes that gold is outperforming Bitcoin. In addition, he notes that silver should be considered as “gold 2.0” instead of Bitcoin.

BTC loses altitude, while gold and silver rise

The cryptocurrency community is no stranger to Peter Schiff’s statements. Schiff sees an opportunity to attack cryptocurrencies as Bitcoin’s price falls and gold’s performance improves. While experts say that in some ways he is right, historical performance suggests otherwise.

Recently, the strong performance of gold and silver prices has created new opportunities for investors. The fact that silver has outperformed gold shows that it is an alternative option for investors looking for stability. Bitcoin’s depreciation and market turmoil is a sign that confidence in cryptocurrencies is waning.

Sıcak Gelişme: ABD TÜFE'si Geldi, Bitcoin ve Altın Tepki Verdi!

“Bitcoin ETF investors will abandon ETFs!”

That’s why Bitcoin critic Peter Schiff says that Bitcoin’s depreciation highlights the enduring value of gold. Schiff also notes that BTC has experienced a 30% decline compared to previous years. In addition, he thinks that new Bitcoin ETF investors are having an impact on the market. However, Schiff argues that these investors will soon abandon their positions.

BTC believers maintain bullish views

Bitwise CEO Hunter Horsley disagrees with Peter Schiff. Horsley is skeptical of the idea that long-term BTC investors are selling off due to rising geopolitical tensions. The CEO claims that conversations with long-term investment experts did not reveal any significant redemptions or concerns about this. Horsley notes a trend where a large number of Registered Investment Advisors (RIAs) and multi-family offices are actively considering investing in BTC, although they do not discuss it publicly.

Follow us on Twitter, Facebookand Instagram, and join our Telegram and YouTube channelto stay up to date with breaking news !

Famous Investor: This Asset, Not Bitcoin, Could Be “Gold 2.0”!
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