Economist and gold advocate Peter Schiff has issued a warning that Bitcoin may continue its downward trajectory amid current bearish market conditions. On November 14, Schiff advised Bitcoin investors to sell their holdings and invest in gold, reigniting the debate over the comparative value of Bitcoin and gold as investment assets. A recent poll showed 61.3% of participants believe Bitcoin could potentially fall to zero, aligning with Schiff's bearish outlook.
Bitcoin proponents, however, argue that the cryptocurrency's decentralized nature, resistance to censorship, and limited supply offer a more robust long-term store of value than gold. This ongoing debate highlights the contrasting views on the future of Bitcoin and its role in the global financial system.
Peter Schiff Predicts Further Bitcoin Decline, Advocates Gold Investment
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