Renowned economist Peter Schiff recently pointed out a significant divergence in the performance of Bitcoin (CRYPTO: BTC) and gold over the past six months, a trend he believes is largely overlooked.
What Happened: Expressing views on his official Youtube channel, Schiff highlighted that while Bitcoin has seen an 8% decrease over the past six months, gold has surged by 23%. He emphasized this divergence, stating that it indicates a shift in momentum, with Bitcoin losing ground to gold.
He further argued that the narrative of Bitcoin overtaking gold or matching its market cap seems even more unlikely now, given the significant growth in gold’s …
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