🤔 Famous Bitcoin critic Peter Schiff warns that selling gold and silver at record levels to bet on what he calls a 'trap bounce' of #bitcoin or Strategy (MSTR) would be a serious mistake.
- Bitcoin: +7% - Total market capitalization of the cryptocurrency market: +227 billion dollars
Stocks and metals are close to their all-time highs, while Bitcoin remains at -24% from its all-time high.
When capital seeks value, it typically flows into undervalued assets, and cryptocurrencies fit this pattern and still have significant room for growth.
LATEST UPDATE: 🇺🇲 The Senate Banking Committee has canceled today's vote on the cryptocurrency market structure bill after Coinbase's CEO withdrew his support.