On November 18, economist Peter Schiff reported that Bitcoin has fallen below 90,000 USD, marking a 28.5% decline from its all-time high. Compared to gold, Bitcoin’s value has seen a significant decrease of nearly 40%.
Schiff suggested that these developments challenge the concept of Bitcoin as ‘digital gold’. He predicts a potential sell-off by investors, reflecting his long-standing advocacy for gold over Bitcoin.
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