Precious metal gold has broken the $4,100 mark, while Bitcoin struggles to stay above $96,000. Peter Schiff, renowned gold advocate and CEO of Euro Pacific Capital, has issued a stark warning: sell Bitcoin before the pain worsens.
Schiff has long been critical of cryptocurrencies, often clashing with Bitcoin supporters like Michael J. Saylor, executive chairman of Strategy Inc., a company known for accumulating Bitcoin. According to an SEC Form 8-K filing, Strategy purchased roughly $49.9 million worth of Bitcoin on November 3 and 9, at an average price of $102,557.
