gold advocate Peter Schiff, who has spoken out a lot against Bitcoin, admitted that there was at least some flaw in his expectations after admitting that the currency had not collapsed as gold rose to its highest level. New on launch last month.
In a conversation on Twitter with Tyler Winklevoss, which started on Sunday, Schiff exchanged words with Gemini founder regarding Bitcoin's rise to an annual high of more than 12,000 Dollars on August 17th, and down to less than $ 10,000 last week.
and while Winklevoss predicted that the digital asset baseline for all future dips would be $ 10,000, Schiff was definitely more bearish, indicating that Bitcoin (BTC) could be They are standardized before collapsing.
according to the Queen Telegraph, Schiff said: The more the 10,000 support level is tested, the weaker it becomes ... Markets rarely give investors much opportunity to buy at the bottom.
However, the Twitter user (Sharkybit) was unwilling to let the word "pro-gold" go unnoticed, posting a screenshot of Schiff's prediction on July 5 that the price of Bitcoin It will decrease as gold rises.
Schiff replied, "I was right about gold, but I was wrong about Bitcoin. The latter had successfully weathered the resistance and raised up to $ 12,000." It largely to capitalize on the rise of gold and the purchase of a massive TV commercial by Grayscale.
According to Sky Analytics, a month-long correlation between gold and Bitcoin reached a record 68% in early August.
However, Bitcoin is currently valued at $ 10,251, having fallen 15% since it first rose above the $ 12,000 level this year on August 2. The past.
The correlation between the two assets (gold and Bitcoin) has remained near (0-20%) over the past two weeks, and fell briefly to 2.6% on September 2nd.
(Amazon Fun Knowledge)
