Peter Schiff, a fierce Bitcoin (BTC) critic and enthusiastic gold advocate, has once again criticized the world’s largest digital currency. He views Bitcoin as an economic threat to America, emphasizing that investors are exiting the digital currency market and moving towards gold. Meanwhile, the price of gold has surpassed $3,000 for the first time, and silver has reached around $34. On the other hand, US stock market indices have shown weaker performance compared to their international competitors. Schiff points out the declining trend of BTC against gold, claiming that since its price peak in November 2021, Bitcoin’s value has decreased by 26% compared to the yellow metal. He sees this trend as a sign of investors fleeing towards safer assets. Schiff also warns that real inflation, not tariff wars, is the main driver of price increases, and believes that Bitcoin will be vulnerable to inflationary pressures. At the same time, Michael Saylor, the founder of a strategy firm, has announced plans to issue 5 million new shares and use the proceeds to buy Bitcoin. These shares will have an annual profitability of 10%, with shareholders receiving their profits quarterly. This strategic move comes as some analysts, including the CEO of CryptoQuant, predict the end of Bitcoin’s upward cycle and expect the market to enter a downward or sideways trend in the next 6 to 12 months. However, the strategy still makes Bitcoin the largest corporate holder, with a total of 499,226 BTC units. This figure accounts for 2.38% of Bitcoin’s total supply and its value, despite recent fluctuations, is estimated at around $41.1 billion. On the real-time digital currency price page, you can monitor the prices of all tokens and cryptocurrencies live and instantly.
