Peter Schiff: Bitcoin’s Gold Correlation Was Never Real, and Its Nasdaq Link Just Broke
Covered by 2 sources · 2 articles
2 outlets - including Crypto-economy and Bitcoin - are covering this story. TL;DR Peter Schiff argues that Bitcoin never showed a genuine correlation with gold and now appears to have broken its long-standing relationship with the Nasdaq, pointing to recent market performance. Many crypto analysts believe Bitcoin i…
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Peter Schiff Says Bitcoin’s Gold Correlation Was a Myth as Nasdaq Link Finally Breaks
TL;DR Peter Schiff argues that Bitcoin never showed a genuine correlation with gold and now appears to have broken its long-standing relationship with the Nasdaq, pointing to recent market performance. Many crypto analysts believe Bitcoin i…
Peter Schiff: Bitcoin’s Gold Correlation Was Never Real, and Its Nasdaq Link Just Broke
Economist and longtime bitcoin critic Peter Schiff argued this week that BTC’s supposed correlation with gold “was never real,” while its historically tight relationship with the Nasdaq has now broken down. Schiff Continues With His Anti-Bi…