CandleFocus Peter Schiff Says Bitcoin Is 'Anti-Gold,' Here's Why
2024-11-07
Author: Content Editor
Peter Schiff, a financial commentator, has restated his negative view on Bitcoin, arguing that it differs from gold. As Bitcoin has risen in value recently after Donald Trump's re-election, while gold has fallen, Schiff claims that this demonstrates Bitcoin's speculative nature and positions it as an opposing asset to gold.
Related News
Curve Finance scam app resurfaces amid fake crypto app surge Binance monthly market insights: October was a meme token mode, Bitcoin (BTC) moved with S&P 500 Coinbase premium flips positive, indicating rising bitcoin demand from US investors Analyst Predicts ‘The Final Ascent’ For Bitcoin Price, Why A Rise To $300,000 Is Possible From Here Crazy 3 Billion DOGE Acquired by Dogecoin Whales in 24 Hours Two Bitcoin whales buy $142M BTC after Trump’s win $330 billion flows into crypto market since election day MakerDAO Backs DeFi Growth With $1 Billion Tokenized Treasury Bet Chainbase Partners with Google Gemini for Data Insights Ethena Surges 30% in 24 Hours, Can $ENA Price Reach $2 Mark? Cardano (ADA) and Binance Coin (BNB): the latest price forecasts Bitcoin Is Still Heading For A High Of $93,000 Tourism Authority of Thailand and Freedom World bring Web3 tech to travel PayPal-backed Magic Link and Polygon launch a new cross-chain network aiming to bust 'blockchain silos' FED Interest Rate Decision Expected Today in Bitcoin! What Time Will It Be Announced? Here Are the Expectations and Things to Know! Google Cloud becomes main validator on Cronos blockchain ADDX and ANZ Launch Tokenized Commercial Paper Pilot with Chainlink’s Private Transaction Technology Lamborghini to open ‘Revuelto NFT’ mint with Animoca Brands, Transak Binance Founder CZ Increases Net Worth to $53 Billion After Trump Win Trump win could fast-track first staked Ether ETF — Nansen analyst Will Neiro Price Soar To $0.01 After Coinbase Listing? Top Lawyer Explains Why XRP is Worst Performing Coin in Top 10 Meme Coin Roundup: Dogecoin, Shiba Inu, and Others See Price Dips Avalanche Foundation Buys $52 Million Worth of AVAX Tokens from Defunct Luna Foundation Guard Ethereum holder turns $38K into $30M after 8 years Bank of England cuts interest rate to 4.75% as UK inflation falls below target Solana (SOL) Surges to 4-Month Peak, Inches Closer to $200 Mark The crypto marketing trap: Hiring crypto experts can backfire | Opinion Swiss bank UBS tests blockchain for cross-border payments with digital cash What's next for the crypto industry following Donald Trump's election victory? Trump Re-Election Sends NFT Market Cap Soaring by 12% New Nonstop Bitcoin ATHs Expected by Samson Mow Soon As Solana Overtakes BNB, Will SOL Cross $200 To Hit $281? Donald Trump More Likely to Pardon Jan. 6 Protestors Than Silk Road Founder: Polymarket DWFLabs Expands Holdings: Receives Another 4.14B $X After Major 89.7B $X Deposits Nethermind Unveils Ethereum L2 Surge Rollup: A Game-Changer for Developers and Builders Mysterious Shiba Inu Whale Moves Enormous 597 Billion SHIB Gensler Under Investigation as Trump Elected, Ripple Pushes for SEC Reforms Bybit teams up with Aptos for an exclusive APT Ecosystem Airdrop RWAs Gain Momentum in DeFi as Investors Seek Stability VanEck Head Researcher Says Ethereum is Oversold, Predicts Speculative Interest Will Return to Propel ETH Tron Price Could Plummet 10% If It Losses Key Support Cardano’s Uphill Battle: ADA Confronts Persistent $0.37 Resistance Neoclassic Capital Co-Founder on How Trump’s Crypto Policies Could Impact the Market XRP Lags Behind as Bitcoin Soars: Legal Troubles Weigh Down Price Elon Musk Declares Republicans' Win House Majority, DOGE To $10? NEIRO’s 20% Rally Sparks Strong Investor Sentiment, No Immediate Sell-Off in Sight German Chancellor Scholz Calls Snap Election as Coalition Government Collapses Who’s in line to replace Gary Gensler at the SEC? Time to Accumulate ETH Instead of Selling: Tron Founder Justin Sun Trump victory may pave way for $100K Bitcoin by end of 2024 Bitcoin ‘Playing as Predicted’ as Analysts Eye $85K After $71K Retracement Altseason Set to Begin: What to Expect from November 2024 to March 2025 L2 Ethereum Network Taiko Sees Massive 1,000% TVL Surge Crypto Lawyer Jake Chervinsky Reveals Candidates to Replace SEC Chairman Gensler! Here Are the Details Crypto Market FOMO Intensifies as Trump’s Victory Boosts Prices Was the Ripple Leaders Political Discord a Planned Strategy? Expert Predicts 11 Possible Events That Could Impact XRP and Ripple in the Next 3 to 9 Months Ordify Joins VanarChain Ecosystem, Expanding Tools for Cross-Chain Fundraising and Asset Management Bitcoin (BTC) Still Far From Peak Levels: CryptoQuant Binance Shares Major Alert for ETH, TRX, AVAX Withdrawals Runestone’s Leonidas Asks Coinbase For Fair Listing for $DOG Breaking: Boxing Legend Mike Tyson Becomes NAGA Group’s Brand Ambassador Can a Channel Breakout Propel PEPE Past $0.000017 to a New All-Time High? JUST IN! Binance Announced Listing of a New Memecoin, Price Soared! MicroStrategy’s Bitcoin Bet Outperforms Ford’s Cash Reserves Amid Inflation Hong Kong’s HashKey announces new launch date for HSK native token Why XRP and Dogecoin Could Surge Massively, Expert Highlights Potential Triggers Binance Coin BNB at $600 Crossroads, Targets New ATH Above $720 Akurateco Hits 10% Crypto Payments with CryptoProcessing by CoinsPaid Benjamin Cowen Issues Bitcoin Alert, Says Potential Plunge ‘That Scares People’ Incoming – Here’s His Outlook Trump's Biggest Boon to Crypto Would Be Passing the Bitcoin Act: CoinShares These Alts Surge by Double Digits as Bitcoin (BTC) Calms After New All-Time High (Market Watch) Will Solana Price Reach $300 After Outpacing BNB Coin? China Sets Legal Precedent in $111M Crypto Money Laundering Bust Binance Futures Adjusts Leverage and Margin for XRPUSDT: Key Updates for Traders XRP Performs Massive Comeback: Details Ethereum Launches Mekong Testnet for Pectra Fork: Explore Key EIPs and UX Improvements How far is Wall Street from fully embracing Bitcoin now that Trump is president? SEC’s Mark Uyeda has high chance of becoming next chair — Lawyer Bitcoin to benefit from Trump presidency and MicroStrategy's plan: JPMorgan Aptos [APT] Indicates Possible Bullish Resurgence Following Key Fibonacci Range Retest and On-Chain Activity Growth Why Ethereum Dominates the Blockchain Space Units Network Commences Collaboration with Eywa Protocol for Cross-Chain Liquidity Kenya Collected $77.5M in Crypto Taxes — $465M Target Next, Exchanges in Focus Bitcoin: record price for BTC on CoinMarketCap Bitcoin preps FOMC reaction as BTC price coils below new $76.5K record Ethereum price, whale activity reach 3-month high amid bull run BitBoy Says XRP Price to Pump Hardest in Top 100 Cryptos if Trump Does This Poland puts Crypto.com’s operator on warning list Bitcoin (BTC) Should Top at $150K in September, Brandt Predicts Milady Meme Coin (LADYS) Eyes 333% Gain as New Logo and Roadmap Unveiled ICP Tops GitHub 6-Month Activity, Outshining Rivals Like CAKE and BTC! Lido DAO emerges as top gainer on the back of whale accumulation Ethereum (ETH) Price Surges 10% to Three-Month High 3 Ethereum Addresses Dormant for Over 8 Years Sell 44,706 ETH Amid Latest Price Surge Will Dogecoin Price Soar Over $10 As Famous Pattern Re-Emerges MSTY vs MSTX vs MSTU: Which is the better MicroStrategy ETF? Bitcoin Price Pushes Rally Further: Bulls in Full Force Aerodrome Finance analysis: crypto pro sees AERO token surging 10x This Metric Points to Rotation From Gold to Bitcoin Solana (SOL) Rallies Strongly, Setting Sights on $200 AAVE price prediction: crypto pros see more gains ahead Former Employee's Hidden Code Turns Workplace Into Crypto Mine Raydium price analysis: Will this Uniswap competitor surge to $10? Polkadot vs. Cardano: Which Altcoin Will Lead the Next Bull Run? Peter Schiff Says Bitcoin Is 'Anti-Gold,' Here's Why Can Shiba Inu Price 4X With Massive 7,000% Whale Accumulation Will DOGE Price Soar Over $10 As Famous Pattern Re-Emerges Elon Musk’s net worth soars by over $20 billion after Trump win Ethereum set for a ‘monster rally’ as price nears $2.9K Bitcoin Fed Preview: Powell's Take on 'Trump Tariffs' Eyed Amid Anticipated 25bps Fed Rate Cut Ether Surges 10% as Trump Victory Brings Back DeFi Bullishness Ethereum ETF inflows clock six-week high as ETH pumps 10% Web3 Gaming Hype Fizzles: Developer Blames Unrealistic Expectations Wintermute proposes fee switch for Ethena’s sENA holders Bitcoin Surges To Fresh High Above $76,000 After Trump Secures Victory Play Games, Earn Bitcoin: The Best iOS and Android Games That Pay You BTC Here’s How Shiba Inu Can Reach $0.01 if Ethereum Founder Vitalik Buterin Considers This Move New Bitcoin ATH Indicates Room for More Growth, Says CryptoQuant Ethereum Staking Surges as Exchange Reserves Hit Record Lows: Bullish Signal for ETH? What Next For Bitcoin After Trump Win? Traders Look to Fed Rate Cuts For Bullish BTC Move Wintermute proposes fee switch for Ethena’s sENA holders Trump memecoin massacre: Tokens plummet 50% after US election victory Bitcoin open interest tops chart after hitting $75K ‘sweet spot’ MOG Price Jumps 8%, Approaching Key Resistance: What to Expect? XRP eyes $0.6640 as Ripple CEO tips Trump to fire Gensler on first day in office Increased demand and heightened volatility signal further upside for Bitcoin – Glassnode Solana (SOL) Paints 'God Candle': Price Nears $200, Ethereum (ETH) Paints New Hidden Pattern, Dogecoin (DOGE) Secures Yearly High WazirX announces plans to launch DEX amid fallout from record crypto theft Crypto Market Liquidations Reach $562.87 Million in 24 Hours Amid Volatile Trading Memecoins Surge During Election Season: DOGE, ELON, MAGA, and DJT Dominate Trending Tokens Just In: US SEC Files Motion for Judgment Against Kraken, Challenges Key Defenses Hut 8 tips 66% hashrate boost after deal to buy 31K Bitcoin miners Pumpfun Sells Another $6.77M SOL Holdings As Solana Price Surges 10% French authorities may ban Polymarket soon Deutsche Bank Unveils Project DAMA 2 at Singapore FinTech Festival 2024 Major Boost for Crypto as Pro-Blockchain Candidates Dominate 2024 Election Races 11 Promises US President Donald Trump Made To Bitcoin and Crypto Industry Ripple CLO Reveals How Donald Trump Can Make US The Crypto Capital US Election Results a Validation on Prediction Markets, Crypto Experts Say FTX co-founder Gary Wang seeks to avoid prison time ahead of sentencing The survival crisis of 75% memecoins despite 22% rise Blue chip DeFi gets repriced in the post-election period, awaiting a new regulatory climate