Peter Schiff Targets Mark Cuban Again, Slams Shark For Picking Bitcoin Over Gold Amid Crypto Rally Cooling: 'A Big Mistake'
Portfolio Pulse from Benzinga Neuro
Peter Schiff criticizes Mark Cuban for preferring Bitcoin over gold, highlighting the contrasting performances of both assets amid their all-time highs. Schiff points out that while gold ETFs reached new record highs, Bitcoin ETFs experienced significant drops, marking their worst day since debut. Schiff's comments come as Bitcoin's volatility is showcased by a rapid drop from a new high of $69,200 to $59,300, questioning its status as a safe haven or store of value.
March 06, 2024 | 1:07 am
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Bitcoin experienced a significant drop from a new all-time high of $69,200 to $59,300, showcasing its volatility and raising questions about its reliability as a safe haven or store of value.
The article highlights Bitcoin's significant intraday price drop, which could lead to short-term negative sentiment among investors, especially those considering its safe haven status. This volatility, emphasized by Peter Schiff's criticism, may impact investor confidence and contribute to short-term price declines.
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