CandleFocus Peter Schiff Frightens Bitcoin Investors and Americans With Friday the 13th
2024-09-13
Author: Content Editor
Peter Schiff, a banker and financial expert, believes that the high price of gold is a sign of troubling economic factors, such as inflation, unemployment, and rising interest rates. He sees this as a negative outlook for Bitcoin investors and Americans in general. However, history shows that gold often performs well during periods of monetary change. While the Federal Reserve is expected to cut interest rates, which could boost gold prices, Bitcoin has yet to establish itself as a safe haven asset like gold. The performance of the NASDAQ and the overall economy may have a greater impact on Bitcoin than the price of gold.
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