Peter Schiff Predicts 4 Years of Poor Bitcoin Outlook, Bloomberg Calls It 'Dead Money'

icon币界网
Share
Share IconShare IconShare IconShare IconShare IconShare IconCopy
Bitcoin news highlights a grim market outlook as Peter Schiff predicts four years of poor performance, claiming the "digital gold" narrative has collapsed. He notes Bitcoin’s purchasing power versus gold has fallen 46% from its 2021 high. Bloomberg’s Mike McGlone also dismissed Bitcoin as “dead money,” citing weak returns and high risk. Market outlook remains bearish from these key voices.
Disclaimer: The information on this page may have been obtained from third parties and does not necessarily reflect the views or opinions of KuCoin. This content is provided for general informational purposes only, without any representation or warranty of any kind, nor shall it be construed as financial or investment advice. KuCoin shall not be liable for any errors or omissions, or for any outcomes resulting from the use of this information. Investments in digital assets can be risky. Please carefully evaluate the risks of a product and your risk tolerance based on your own financial circumstances. For more information, please refer to our Terms of Use and Risk Disclosure.