Bitcoin reaches new six-month high at $69,519.52, financial expert Peter Schiff calls rise "meaningless".

From Investing.com

October 21, 2024 3:00:19 pm:

Bitcoin (BTC) reaches a new six-month high at $69,519.52 on Binance. Despite a recent 5.4% drop, the major cryptocurrency is closer to a new high than ever before.

Financial expert Peter Schiff dismisses Bitcoin’s rise as “meaningless,” praising gold’s new high of $2,740 an ounce. Schiff criticizes mainstream media for ignoring gold’s success while highlighting Bitcoin’s price action unfairly.

Schiff’s preference for gold over cryptocurrencies is countered by Peter Brandt, who predicts a 400% increase in BTC against gold. Brandt remains optimistic on both Bitcoin and precious metal futures, suggesting no downfall for gold despite Bitcoin’s potential rise.

Read more at Investing.com: Schiff Labels 6-Month Bitcoin Price High With Just One Word By U.Today