Jul 29, 2019
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Peter Schiff Suggests Bitcoin Relies On FOMO And Running HODLers

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The price of Bitcoin is currently at $9.5k which has made a lot of bulls come out to say that now is the buying opportunity with sceptics claiming it is a chance to make digs. The gold bull, Peter Schiff is amongst the first to jump to the opportunity and rather than buying, he is doubling down on his bearish statement.

The funny thing is there are a few similarities between the nascent crypto market and the early days of the gold rush. Schiff is pointing to the market dynamics as a weakness while crypto market leaders are reminding him that gold, isn’t all that different after all, despite being a competing store of value that can’t quite double up as a payment method.

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CryptoDaily · News

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