CandleFocus Peter Schiff Warns Bitcoin Investors: 'Get Ready for the Trump Dump'
2024-10-27
Author: Content Editor
Economist Peter Schiff believes that bitcoin is not following the upward momentum seen in other assets related to Donald Trump, despite rising odds of a Trump victory in the 2024 U.S. election. Schiff suggests that speculators may have already bought up BTC, leading to diminished demand and the potential for a "Trump dump" that could bring the price of the crypto down if Trump-related assets decline. Schiff contrasts bitcoin's weak performance with his prediction of a substantial upswing in gold, which he sees as the preferable store of value amid market volatility and diminishing fiat currencies.
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