Peter Schiff’s Bitcoin $1,000 Prediction Falls Flat as Gold Drops 4%

Cointelegraph

Published Jan 14, 2020 07:55PM ET

Updated Jan 14, 2020 09:42PM ET

Peter Schiff’s Bitcoin $1,000 Prediction Falls Flat as Gold Drops 4%

Bitcoin (BTC) rising above $8,500 appears to have left gold proponent Peter Schiff with egg on his face after he predicted its imminent downfall to $1,000.

Data from Cointelegraph Markets and precious metals monitor Kitco showed that while Bitcoin has gained 7.5% over the past week, gold has conversely slipped 4%.

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