Peter Schiff Calls Bitcoin a ‘Slow Bleed’ While Gold Slides Below $3,900

Gold bug Peter Schiff stressed that bitcoin prices reached November 2021 levels, falling 22% over the past seven weeks, and called on investors to pivot to gold. Nonetheless, gold is also taking a beating, falling below $3.9K, with analysts warning about a major downfall. Peter Schiff, Chief Economist & Global Strategist at Europar and a known gold bug, offered his take on the recent hit that Bitcoin has taken, with prices falling below $69K. On social media, Schiff stressed that bitcoin had reached levels seen in November 2021, pointing out that the prime cryptocurrency had turned bearish in the long term, with prices receding 22% over the past seven weeks. “How many of you who owned Bitcoin back then expected it to be below the Nov.

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