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Bitcoin Liquidations Reach $1.16 Billion; Economist Suggests BTC Is 15% Below Gold Value

Published by news.bitcoin.com on 20 hours ago

Bitcoin Liquidations Reach $1.16 Billion; Economist Suggests BTC Is 15% Below Gold Value

Economist Peter Schiff has once again voiced his skepticism about Bitcoin, challenging its reputation as "digital gold." His remarks come in the wake of a slight decline in the cryptocurrency's value following Israel's military actions against Iranian nuclear sites.

In light of these developments, Schiff appears to have reignited tensions with Bitcoin advocates by questioning the cryptocurrency's status as a safe-haven asset, particularly as gold prices surge in response to the geopolitical situation.

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