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Peter Schiff Warns of Bitcoin Drop Amid Gold and Silver Gains

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$88,447.900.3%
Bitcoin news broke as Peter Schiff warned of a potential price drop, citing weak fundamentals amid strong gains in gold and silver. Bitcoin fell over 17% in November, its worst monthly drop in seven years, while gold and silver surged 60% and 95%, respectively. Schiff pointed to Bitcoin’s lack of intrinsic value and fragile liquidity, contrasting it with tangible assets. He also noted historical trends showing Bitcoin often ends December in the red after a poor November. The fear and greed index currently reflects heightened market anxiety.
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