Reserve

Future

Jerome Powell

Bitcoin

Bold

<p style="text-align: justify"><a href="https://coin-turk.com/bitcoin-dominance-artarken-eth-ve-doge-gibi-kriptolar-baskilaniyor" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> critic <strong>Peter Schiff</strong> has made another bold price prediction about the future of <a href="http://en.coin-turk.com/potential-date-for-bitcoins-record-high-revealed-by-past-models/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Bitcoin</a> following the recent decline in gold. In a new attack on Bitcoin’s potential, Schiff forecasted a “more spectacular” crash than the recent rally of the crypto asset. While Schiff may have convinced himself that Bitcoin is fading away, its supporters continue to mock him.</p>
<h2 style="text-align: justify" id="what-did-peter-schiff-say-about-bitcoin">What Did Peter Schiff Say About Bitcoin?</h2>
<p style="text-align: justify">Schiff noted that Bitcoin experienced a fluctuation after gold dropped below $2,100 and its value rose to $41,000. However, he warned that this upward price movement could be a deception and could mark the beginning of a significant decline.</p>
<p style="text-align: justify">Schiff attributed Bitcoin’s recent surge to the speculative environment surrounding spot Bitcoin ETFs and claimed that this excitement is a ready-to-burst bubble. He also predicted a major crash for Bitcoin. While opinions exist that both gold and Bitcoin serve as stores of value, Schiff’s skepticism may arise from Bitcoin’s speculative nature.</p>
<p style="text-align: justify">Schiff, who constantly expresses concerns about whether Bitcoin can withstand a real <a href="https://newslinker.co/category/finance/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">financial</a> crisis, believes that gold’s current rise is based on real value rather than rumors, making it a more reliable investment compared to leading cryptocurrencies.</p>
<h2 id="img-decoding-async-class-aligncenter-size-full-wp-image-284790-src-https-coin-turk-com-wp-content-uploads-2023-12-peter-schiff-bitcoin-altin-jpeg-alt-width-1920-height-1280"><img decoding="async" class="aligncenter size-full wp-image-284790" src="https://coin-turk.com/wp-content/uploads/2023/12/peter-schiff-bitcoin-altin.jpeg" alt="" width="1920" height="1280"></h2>
<h2 style="text-align: justify" id="gold-and-bitcoin-on-the-rise">Gold and Bitcoin on the Rise</h2>
<p style="text-align: justify">On December 4th, gold reached a record level of $2,100 during the trading day but then lost a significant portion of its gains. The upward momentum in gold since October reached its highest level earlier this month after dovish statements from the Federal Reserve.</p>
<p style="text-align: justify">Federal Reserve Chairman <strong>Jerome Powell</strong> claiming that monetary policy is entering a “restrictive zone” led to a sharp drop in the dollar and Treasury yields. This pushed gold to its all-time high, despite efforts to soften prevailing optimism, due to expectations that the Federal Reserve will cut interest rates in early 2024.</p>
<p style="text-align: justify">In parallel, Bitcoin, the largest <a href="https://coin-turk.com/unlu-platform-beklenen-raporunu-yayimladi-bu-altcoin-radariniza-alin" data-wpel-link="internal" rel="noopener noreferrer nofollow">cryptocurrency</a>, surpassed the $40,000 level for the first time in 2023 due to expectations of interest rate cuts in the US and investors awaiting approval of a spot Bitcoin ETF. Bitcoin is currently trading above $42,000. At the time of writing, Bitcoin is trading at $41,600.</p> <span style="font-weight:bold;font-size:16px">Continue Reading:</span> <a href="https://en.coin-turk.com/peter-schiff-makes-bold-price-prediction-for-bitcoins-future/" data-wpel-link="internal" rel="noopener noreferrer nofollow">https://en.coin-turk.com/peter-schiff-makes-bold-price-prediction-for-bitcoins-future/</a>

Peter Schiff Makes Bold Price Prediction for Bitcoin’s Future

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