From Investing.com: 2024-05-19 11:00:21

Bitcoin’s price surged by 9.3% to over $67,000 per BTC, sparking discussions among financial experts. Peter Schiff dismissed Bitcoin’s recovery, citing silver’s 21% gain since April compared to BTC’s 2%. Veteran trader Peter Brandt advised ignoring Schiff’s remarks, suggesting they are attention-seeking rather than insightful.

Schiff warned of high risks in Bitcoin investment, calling it a speculative asset without intrinsic value. The public dispute highlights the ongoing debate in finance about cryptocurrency’s future. With Bitcoin rallying and potential gains, opinions are sharply divided.

The clash between Schiff and Brandt raises questions about cryptocurrency’s future. Will Bitcoin prove skeptics wrong and offer reliable returns? Or will traditional assets like silver outperform in the long run? The debate continues as Bitcoin’s price remains volatile.

Read more at Investing.com: Legendary Trader Peter Brandt Reveals What’s Behind ‘Bitcoin Is Dead’ Claim of Peter Schiff By U.Today