As per Bitcoin.com, economist Peter Schiff has highlighted Bitcoin's underperformance compared to equities and traditional assets like gold and silver. He argues that Bitcoin's 28% decline from its record high, while the NASDAQ remains near its peak, reflects a shift from 'fake' to 'real' assets. Schiff also noted that investors who sold Bitcoin for silver in February would now have 70% more purchasing power. Crypto advocates, however, counter that Bitcoin's volatility does not negate its potential as a decentralized store of value, citing institutional adoption and historical recovery patterns.
Peter Schiff Warns Bitcoin's Weakness May Signal Deeper Losses
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