Finance Specialist and long -term bitcoin $83,100.85 Critic Peter Schiff reiterates Bitcoin’s long -term value. Schiff said that Bitcoin lost value in the face of gold, and that this situation questioned the long life of crypto beings.
Decrease in Value by Bitcoin
Schiff said that Bitcoin’s value against gold decreased by 24 %since 2021. Bitcoin, 36.3 ounce of ounce of 27.7 ounce level is stated. He also drew attention to the protective features provided by gold in the long term.
Peter Schiff pointed out that investors’ assessment of Bitcoin’s real depreciation over the US dollar is misleading. It was emphasized that this approach led to overlooking Bitcoin’s purchasing power and long -term performance.
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Peter Schiff: “Gold is the most powerful predator to swallow Bitcoin.”
Schiff criticized Microstrategy CEO Michael Saylor. It was claimed that the company faced significant financial risks due to aggressive Bitcoin purchases. The company’s 55 %decrease in stock values and increasing debt levels were evaluated that the risks increase the size of the risks. (We have previously discussed the risk of liquidation, we shared reports that it would not be possible before 2027 without a great collapse.)
Bitcoin Market Dynamics
Schiff said Bitcoin has experienced a long -term downward trend compared to gold instead of traditional currencies. Bitcoin’s wavy price structure and speculative nature question its reliability as a storage tool. While its supporters argue that Bitcoin is a revolutionary financial tool, critics find their long -term sustainability controversial.
Microstrategy announced that it will depend on the Bitcoin strategy despite risks and will provide resources for Bitcoin purchases and company expenses with a capital increase of $ 21 billion.
The explanations indicate that the criteria used in the value measurement of digital assets should be carefully handled. The results of different evaluation methods offer important indicators for both investors and relevant institutions.
Responsibility Rejection: The information contained in this article does not contain investment advice. Investors should be aware that crypto currencies carry high volatility and thus risk and carry out their operations in line with their own research.
