Peter Schiff: If Bitcoin cannot match the rise of gold, its narrative as "digital gold" will be undermined.

BTC-0,82%

Foresight News Report, gold advocate and economist Peter Schiff tweeted, “Everyone expects Bitcoin to follow in the footsteps of gold and rise to new highs, but the market has given speculators too much time to buy in. A more likely scenario is that if Bitcoin cannot match gold’s gains, its narrative as ‘digital gold’ will be undermined, ultimately triggering a shocking crash.”

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