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Headline : Schiff Labels 6-Month Bitcoin Price High With Just One Word

Read more from the original article on here at www.investing.com.





Tags : #schiff #labels #6month #bitcoin #price #high #just #one #word


No. of Paragraph 8

U.Today - The price of major cryptocurrency Bitcoin (BTC) hit a new six-month high this morning, currently trading at $69,519.52, according to a chart on Binance.

After a prolonged decline since March, when BTC hit its current high, a dynamic resistance line was broken just five days ago, sending the major cryptocurrency's price down more than 5.4% over the next five days. Bitcoin has never been closer to a new high in these many months than at this moment.

Impressive? Yes, but not to Peter Schiff. The renowned financial expert, banker and cryptocurrency critic eloquently described the event as "meaningless." It is meaningless, in Schiff's opinion, in contrast to gold, which the banker is an active proponent of, currently hitting a new high of $2,740 an ounce.

In the opinion of a banker whose Euro Pacific Bank has been frozen by the government of Puerto Rico, the fact that gold's rise to new heights is being completely ignored by the mainstream media, in contrast to the price action of Bitcoin, is unfair, to say the least.

Read more from the original article on here at www.investing.com.


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