Peter Schiff Reacts to Bitcoin Price Surge Past $66,000 By U.Today
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Peter Schiff's Skepticism on Bitcoin:
- Peter Schiff, a well-known critic of Bitcoin and advocate for gold, expressed skepticism over Bitcoin despite its recent price rally past $66,000. He highlighted a negative correlation between Bitcoin and gold, suggesting that for Bitcoin to succeed, gold must fail.
Bitcoin's Price Surge and Market Sentiment:
- Bitcoin experienced a surge past $66,000, leading to increased optimism in the crypto community. The market sentiment is bullish, with factors like reduced selling pressure from Mt. Gox reimbursements and significant inflows into Bitcoin ETFs contributing to the positive outlook.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
