‘Sell Bitcoin for gold’ – BTC could crash after U.S. midterms, Peter Schiff warns

Long-time Bitcoin [BTC] critic Peter Schiff is super-bearish on the asset and believes it will crash after the November midterm elections. In an X post, Schiff warned that Bitcoin may not escape the rising inflation and bond yields that are dragging down broader U.S. stock markets. With the Democrats about to take Congress and rising inflation and bond yields pricking asset bubbles, the price should be a lot lower by now. Sell your Bitcoin before the bottom drops out of the market and buy gold! Bitcoin topped $87K in September. An attempt to break above the level in October failed. Much of the price action has reacted to macro events. In fact, on the 14th of October, it dropped and retested $80K after hotter CPI (inflation) data.

BeCrypto News shows a short excerpt and links to the publisher. The full report belongs to AMBCrypto.