Gold drops to 7oz per BTC as Peter Schiff calls Bitcoin ‘biggest bubble’

Cointelegraph

Published Oct 29, 2020 06:25AM ET

Updated Oct 30, 2020 08:20AM ET

Bitcoin (BTC) hit seven ounces of gold for the first time in over a year this week as the precious metal comes off all-time highs.

Data from CoinGecko showed BTC/XAU returning to the pivotal 7 ounce mark on Oct. 25, continuing to edge up to press-time levels of 7.02 ounces.

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