Peter Schiff Warns of "Trump Dump" Impact on Bitcoin

Peter Schiff Warns of "Trump Dump" Impact on Bitcoin

Economist and long-time gold advocate Peter Schiff has reiterated his skepticism about bitcoin, cautioning investors about a potential downturn he calls the "Trump dump." In a post on social media platform X on October 22, Schiff pointed to bitcoin's divergence from the gains seen across other Trump-related assets such as stocks and real estate, noting that this may signal weakness in the cryptocurrency's near-term prospects. "The Trump trade...

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