As Bitcoin wobbles following a spurt to above $58,000, concerns mount about the depth of a possible inbound correction.
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While Musk said Schiff "might as well" have crypto in lieu of gold deposit statements, he did warn that digital currency valuations may be running hot
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"While a temporary move up to $100K is possible, a permanent move down to zero is inevitable," Schiff said on Twitter.
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Why have Bitcoin critics been so silent in 2020?
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And they’re out here absolutely schooling non-believers on why crypto is king.
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Shapeshift CEO Erik Voorhees believes any asset manager who is ignorant of Bitcoin “needs to seriously check their premises.”
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Peter Schiff seems to disagree, however, having bashed Bitcoin a number of times in the past 24 hours.
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Taking U.S. dollar devaluation into account, gold has still not reached the all-time price high it set in 1980.
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In light of Bitcoin’s recent price rally, mainstream media has started to cover the industry again, but remain unconvinced it’s a true store of value.
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Does an extortion attempt from Russian hackers explain Schiff's hatred for Bitcoin?
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It all goes horribly wrong for Peter Schiff, as Twitter rejects his advice in favor of his college freshman son’s wisdom.
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The gold bug still thinks Bitcoin’s drop to $10K indicates a bear market.
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Peter Schiff is back at it again.
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Schiff makes some controversial assertions about gold’s prowess as mainstream interest in both gold and Bitcoin surges.
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Although Bitcoin holders often describe the asset as a store of value, gold advocate Peter Schiff said such participants do not actually seek wealth storage, hunting instead for profit.
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