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Peter Schiff Argues Bitcoin Is ‘Fool’s Gold,’ Not the Real Thing

Peter Schiff, a known gold bug, argued that because of the behavior that bitcoin and gold registered yesterday in response to the rate cut announced by the Federal Reserve, the former cannot be taken as a digital form of...

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Older archive item. Useful for background and entity history, but not a fresh market-moving signal.

Peter Schiff Argues Bitcoin Is ‘Fool’s Gold,’ Not the Real Thing
Peter Schiff, a known gold bug, argued that because of the behavior that bitcoin and gold registered yesterday in response to the rate cut announced by the Federal Reserve, the former cannot be taken as a digital form of the latter. Peter Schiff Blasts Bitcoin Performance After Rate Cuts, Calls It ‘Fool’s Gold’ The Facts […]

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This bitcoin story adds another data point to the current market tape and is useful when read alongside nearby source coverage.

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