Peter Schiff Says Crypto Speculators Are ‘Throwing In The Towel’ As Assets Rotate Back Into Gold & Silver
Economist and prominent gold advocate Peter Schiff is once again calling the curtains on cryptocurrencies, following a rotation away from digital currencies in favor of precious metals such as gold and silver in recent days.
Speculators Are ‘Throwing In The Towel’
On Tuesday, in a post on X, Schiff highlighted the rally in precious metals, saying, “Gold is back above $4,125, and silver is back above $51.15,” while popular digital assets such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) continue to languish.
“Today’s rotation from tech to value included a rotation from crypto to gold & silver,” hinting at a shift in investor behaviors, with previous metals gaining prominence over digital assets.
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He also remarked on growing pessimism among digital-asset investors, saying, “Speculators are throwing in the towel on crypto-related stocks.” Schiff suggested that the sell-off …
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