Peter Schiff Says BTC Should’ve Hit $148K to Match Gold’s Record High, Terms Rally a Bear Bounce
- Bitcoin traded above $126 K but is still 15% below its record high when priced in gold.
- Peter Schiff says BTC must reach about $148 K to match its previous gold-denominated peak.
- He calls the current rally a bear market move while gold approaches $4,000 per ounce.
Veteran economist and gold advocate Peter Schiff argued that Bitcoin’s latest rally is “just a bear market bounce,” even after the token set a new all-time high around $126,198.
Schiff said Bitcoin ( BTC ) must surpass its record high priced in gold before calling it a bull market. Based on current gold prices near $4,000 per ounce, he estimated that BTC would need to reach about $148,000 to match its previous peak in gold terms; roughly 15% below its record. At the time of writing, 1 BTC exchanged for 31.33 gold ounces, down from its December 2024 high of 40 ounces.
Schiff Says Risi…
Read The Full Article Peter Schiff Says BTC Should’ve Hit $148K to Match Gold’s Record High, Terms Rally a Bear Bounce On Coin Edition.
Читать больше
Peter Schiff Says BTC Should’ve Hit $148K to Match Gold’s Record High, Terms Rally a Bear Bounce
- Bitcoin traded above $126 K but is still 15% below its record high when priced in gold.
- Peter Schiff says BTC must reach about $148 K to match its previous gold-denominated peak.
- He calls the current rally a bear market move while gold approaches $4,000 per ounce.
Veteran economist and gold advocate Peter Schiff argued that Bitcoin’s latest rally is “just a bear market bounce,” even after the token set a new all-time high around $126,198.
Schiff said Bitcoin ( BTC ) must surpass its record high priced in gold before calling it a bull market. Based on current gold prices near $4,000 per ounce, he estimated that BTC would need to reach about $148,000 to match its previous peak in gold terms; roughly 15% below its record. At the time of writing, 1 BTC exchanged for 31.33 gold ounces, down from its December 2024 high of 40 ounces.
Schiff Says Risi…
Read The Full Article Peter Schiff Says BTC Should’ve Hit $148K to Match Gold’s Record High, Terms Rally a Bear Bounce On Coin Edition.
Читать больше