cryptd.in

LinkedIn alternativo para talentos amigos da criptografia

Peter Schiff Dismisses BTC’s ‘Digital Gold’ Status Following Recent Crash

-

por

cryptd.in
em

Long-term Bitcoin critic Peter Schiff is at it again, this time challenging the cryptocurrency’s narrative as ‘digital gold.’

This follows the asset’s recent dip that was triggered by increased geopolitical tensions and aggressive tariff announcements from the U.S. administration.

Schiff Says Bitcoin Crash Is a “Warning”

In an October 14 X post, the economist dismissed the belief that Bitcoin’s recent flash crash was a buying opportunity, framing it instead as a sign of deeper instability.

“The Friday Bitcoin flash crash wasn’t a buying opportunity but a warning,” Schiff wrote, adding that the next time its price falls, even a post from President Trump might not be enough to help it recover.

Schiff believes that its metal counterpart’s surge exposes the “fiction” of Bitcoin as digital gold, suggesting that the cryptocurrency’s perceived role as a safe-haven asset is unraveling. “The bottom can drop out of Bitcoin at any time,” he added.

Bitcoin recently experienced a sharp correction that dragged it to a low of $110,201 on October 10. On the other hand, gold has continued setting fresh highs this year, crossing the $4100 mark.

In a separate post, the financial commentator doubled down on his position, stating that gold and silver continue to surge while Bitcoin and Ethereum keep declining. He warned that crypto investors are in for a rude awakening and will soon learn a valuable but costly lesson.

His latest remarks follow weeks of commentary claiming that Bitcoin’s underperformance against the precious metal is a warning that the cryptocurrency is in a deeper bear market. The gold advocate went as far as predicting that the leading digital currency will soon crash.

BTC Price Outlook

Bitcoin’s brief rebound on Monday has since faded, with the cryptocurrency now trading around $111,800. This marks a nearly 10% drop in the past week and over 11% below its record high above $126,000 that it hit in August.

The decline follows last week’s market crash, which led to a rise in bearish trading and an increase in put options expiring at the end of October, according to Hendrik Ghys, founder of Thalex Global.

Ghys said that market volatility has eased to around 40 percent in the short term, showing that the panic has cooled as traders adjust their risk. Market makers who buy during dips and sell during rallies remain cautiously hopeful, expecting to manage their positions more effectively if volatility continues to fall.

A publicação Peter Schiff Dismisses BTC’s ‘Digital Gold’ Status Following Recent Crash apareceu primeiro em CryptoPotato.

Comentários

Deixe um comentário

O seu endereço de email não será publicado. Campos obrigatórios marcados com *

Feeds mais recentes

Categorias populares

pt_PT Português
pt_PT Português en_US English ro_RO Română et Eesti ko_KR 한국어 ja 日本語 ru_RU Русский de_DE Deutsch es_ES Español zh_CN 简体中文 fr_FR Français zh_TW 繁體中文 it_IT Italiano pl_PL Polski tr_TR Türkçe nl_NL Nederlands id_ID Bahasa Indonesia el Ελληνικά uk Українська bg_BG Български cs_CZ Čeština fi Suomi hu_HU Magyar lv Latviešu valoda lt_LT Lietuvių kalba nb_NO Norsk bokmål sk_SK Slovenčina sl_SI Slovenščina sv_SE Svenska

Pesquisar no sítio Web

Histórias populares

Etiquetas

#AlexeyPertsev (1) #BidenCryptoBan (1) #BidenElection (1) #BinanceVsCoinbase (1) #Bitcoin (401) #BitcoinETF (3) #BitcoinFundamentos (1) #BitcoinHandling (1) #BitcoinPrice (5) #BitcoinPriceLevel (1) #BitcoinPump (1) #BitcoinReserve (1) #BitcoinSurge (1) #BitcoinTop (1) #Bitfinex (1) #Bitwise (1) #BracebridgeCapital (1) #BRC20Tokens (1) #BTCaquisição (1) #BullishPrediction (1) #BullishSentiment (1) #ChineseMining (1) #CPIPrevisão (1) #CryptoAsset (2) #CryptoBattle (1) #CryptoBoom (1) #CryptoExpert (1) #CryptoInsights (1) #CryptoMania (1) #CryptoMarket (4) #CryptoPrediction (1) #CryptoPredictions (1) #CryptoRegulamentação (2) #CryptoTakeoff (1) #CryptoTiming (1) #CryptoTips (1) #CryptoTreasury (1) #CryptoUncertainty (1) #DerivativeJump (1) #Dogecoin (71) #DogecoinGains (1) #DogecoinVolume (1) #ribunal holandês (2) #EComércio (1) #ElSalvadorBitcoin (1) #Ethereum (65) #EthereumDor (1) #EthereumPrice (1) #ExpertOpinião (1) #FedRateCut (1) #FiatMoeda (1) #Fimpacto financeiro (1) #FinancialPrivacidade (1) #FirmShutdown (1) #FrozenAccounts (1) 1TP5Fundos ilícitos (1) #InflationData (1) 1TP5Investimento (1) 1TP5Perdas de investimento (1) #Firma japonesa (1) #Acção legal (1) #Impacto jurídico (1) #Legislação (1) #LightningNetwork (1) #Manálise de mercado (3) #MMonitorização do mercado (1) #Mprevisão de mercado (1) #Mprevisões de mercado (1) #MProjecção de mercado (1) #MarketSupport (1) #MVolatilidade do mercado (1) #MCasamento (1) #MemeCoin (5) #MemeCoins (2) #MinerRentabilidade (1) #M Lavagem de dinheiro (2) #MtGox (4) #Coreia do NorteCriptografia (1) #NovogratzPrevisão (1) #PriceMilestone (1) #Previsão de preços (2) #PriceQuestion (1) #PriceSurge (1) #PrisãoSentença (1) #QuantAnalysis (1) 1TP5Pressão regulamentar (1) #SECAntiCripto (1) #ShibaInu (5) #SocialBuzz (1) #T Análise técnica (1) #Toncoin (3) #TornadoCash (3) #TornadoCashDev (1) #TornadoCashDeveloper (1) #UKCriptografia (1) #UpsidePotencial (1) #USCongresso (1) #WyomingLand (1) #XRPPreço (1) #XRPupswing (1)

Ligações úteis

Ligações que considero úteis e que gostaria de partilhar.