Peter Schiff Challenges Bitcoin’s $100K Prediction As Crypto-Linked Stocks Languish In Bear Zone: ‘Sell Your Fool’s Gold And Buy The Real Thing’

Bitcoin BTC/USD, although recovering from Saturday’s lows, settled in the red on Monday, as it pulled back below the $63,500 mark. Amid the volatility, economist and crypto skeptic Peter Schiff expressed skepticism regarding the apex crypto blasting off in line with predictions by some bulls.

What Happened: “If #BitcoinETFs are really going to send #Bitcoin to $100K or higher, why are all the Bitcoin-related equities in bear markets?” he said in a post on X, formerly Twitter. A financial asset is said to be in a bear market if it falls more than 20% from a recent high.

Schiff highlighted the down move in the following crypto-linked stocks.

Cryptocurrency exchange Coinbase Global,… Read more on Benzinga

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