Peter Schiff Wants To Know If Bitcoin Fans Really Care About King Crypto Underperforming Gold — Overwhelming Majority Said This
Renowned economist Peter Schiff mocked Bitcoin (CRYPTO: BTC) investors for their indifference toward the leading cryptocurrency’s declining value against gold, despite the disproportionate media attention.
What Happened: On Thursday, Schiff questioned Bitcoin enthusiasts on X about the worrying trend.
“Are any Bitcoin HODLers concerned that Bitcoin is now down 35% priced in gold since hitting its record high back in Nov. 2021? That’s almost three years ago,” Schiff asked.
The staunch Bitcoin critic said the underperformance came despite heavy advertising, conferences, hype around spot exchange-traded funds, NFTs, MicorStrategy’s Bitcoin holdings, and El Salvador’s pioneering embrace.
Schiff even added a poll to capture Bitcoin maxis’ sentiment. As of this writing, the “What, me worry?” option was leading overwhelmingly with 77% …
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