Rally Bitcoin — deception. Well-known economist advises to invest in gold

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2019-06-05 19:30:05

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Rally Bitcoin — deception. Well-known economist advises to invest in gold

Director of Euro Pacific Asset Peter Schiff does not see anything supernatural in growth . Recall that the main cryptocurrency has already risen by 179 percent since the beginning of 2019 and is now trading at the level of $ 8540. According to Schiff, BTC has not yet recovered after the sharp decline in 2018. Therefore, the current uptrend expert calls «a trap for bulls».

However, his opinion would not agree principal analyst at Fundstrat Tom Lee. In early April he announced on Bitcoin. To see this can any trader it is enough to use proposed by Ikigai analyst Hans krsa.

While no bullrun

On the future of Bitcoin Peter Schiff spoke in the debate with well-known criptonita Barry Silverton.

Many people drawn into these schemes with the pump and dump, because they constantly hear stories about how young lads put their savings in Bitcoin and buy a Lambo. Very soon the rumors will be about other people who lost all their savings due to investment in cryptocurrencies.

Schiff considers Bitcoin neither a full-fledged currency, nor a means for capital accumulation. In the future the digital asset will not become «safe place» during the financial crisis, on the contrary, the investors will prefer gold because of its thousand-year reputation as a precious metal.

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