Gold prices soared to new heights Monday, and renowned economist Peter Schiff marked the occasion by promoting his Bitcoin (CRYPTO: BTC) non-fungible tokens.
What Happened: Gold bug Schiff took to X to celebrate a historic moment in the bullion market.
“Today spot gold closed above $3,000 for the first time ever,” he wrote. He added that the yellow metal hit $2,000 on Aug. 5, 2020, and that the next $1,000 increase “won’t take nearly as long.”
Schiff encouraged his followers to “commemorate” the occasion with his Golden Triumph Ordinals, a collection of Bitcoin NFTs. “They are far more scarce than Bitcoin,” Schiff said, poking fun at the apex cryptocurrency’s deflationary characteristics.
Full story available on Benzinga.com