Peter Schiff reported that since the beginning of April, the price of gold has added 8.7%, silver — 3.4%, and the price of bitcoin has decreased by 7%. The expert called for buying gold and abandoning cryptocurrencies.
"Attention, Bitcoin hodlers. You may have one last attempt to sell your coins and buy some gold and silver at bargain prices. If you do nothing, have fun staying poor."
On April 4, according to the American Hartford Gold Group, gold quotes came close to $2,300 per troy ounce. The growth of the precious metal has been accelerating since mid-February 2024.
According to Peter Schiff, the growth of gold quotations will continue, but for the first cryptocurrency, the situation will only worsen.
Some time ago, the financier had a different point of view. During a speech on the Impact Theory program, the expert regretted that he had not bought bitcoins back in 2010.
Earlier, Peter Schiff said that it is not worth investing in bitcoin-linked spot exchange-traded funds (ETFs) and why it is better to pay attention to gold.