✉news BusinessCrypto first seen 9 h ago, last 9 h ago, peak #11
Peter Schiff Warns Bitcoin Could Fall With Tech Stocks
Original: Bitcoin Price Could Reverse Following Tech Stocks, Peter Schiff Says
Peter Schiff, the longtime gold advocate and bitcoin critic, said the bitcoin price could reverse downward if US technology stocks fall. His warning ties bitcoin's fate to broader risk assets, arguing the cryptocurrency trades like a high-beta tech stock rather than a safe haven. Schiff has repeatedly predicted a crypto crash during market downturns, while bitcoin supporters reject the comparison and point to its long-term gains.
Why now: Concerns are growing that tech stock weakness could drag bitcoin down with it.
Evidence
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