Bitcoin Critic Peter Schiff Slams BTC ETF Recommendation Over Gold Assets Despite Record High For Precious Metal
Portfolio Pulse from Benzinga Neuro
Peter Schiff criticizes the recommendation of Bitcoin ETFs over gold assets on CNBC's Fast Money, despite gold's record high. He suggests April could be a strong month for gold and miners, contrasting with Bitcoin ETFs' worst day since their launch. Bitcoin has surged 67% since the start of 2024, while gold has risen 8.25%. Schiff, a gold advocate, warns of a potential credit bubble and criticizes CNBC's Bitcoin coverage.
March 29, 2024 | 1:48 am
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Peter Schiff criticizes Bitcoin ETF recommendations over gold, despite Bitcoin's 67% surge since 2024 start. He predicts potential trouble for Bitcoin and its ETFs.
Schiff's criticism and the recent worst day for Bitcoin ETFs since their launch could contribute to negative sentiment around Bitcoin, potentially impacting its short-term price.
CONFIDENCE 75
IMPORTANCE 80
RELEVANCE 90