Could Bitcoin Replay Silver’s Rally… Backward? CEO Issues Warning

Peter Schiff has warned that Bitcoin could suffer the opposite fate of silver after the metal posted a sudden, sharp rise. Based on reports, traders and analysts are debating whether the move in silver marks a broad shift back to real assets or a brief, crowded trade that may unwind quickly. Related Reading: Bitcoin Rules The Decade: Outshines Gold And Silver, Analyst Says Silver’s Rapid Climb According to trading data, silver jumped more than 10% in a single session and rose from about $78 to $79 in roughly ninety minutes. Spot silver climbed 18% last week to close at a record $79 source: https://www.newsbtc.com/news/bitcoin/could-bitcoin-replay-silvers-rally-backward-ceo-issues-warning/