Schiff expressed his belief that risk assets would"break down hard," with Bitcoin leading the decline.
At the same time, he anticipates that precious metals miners will experience a breakout, with gold stocks becoming the new tech stocks.Schiff has been vocal about his skepticism of Bitcoin's potential as a long-term investment. In previous tweets, he has argued that despite Bitcoin's 20% spike following the Federal Reserve's policy shift, gold remains the better inflation hedge.He contends that gold's modest increase is more sustainable than Bitcoin's headline-grabbing rally.
Additionally, Schiff has pointed out that Bitcoin is more thinly traded than gold, which may contribute to its vulnerability. He has even challenged Bitcoin proponents like Michael Saylor, CEO of MicroStrategy, to consider what they will do when Bitcoin's value drops
PeterSchiff Im sure this antique guy which belong to the past he s himself set to major crash.
PeterSchiff Do you brush your teeth every day?
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