GOLD - Bitcoin Critic Peter Schiff Slams BTC ETF Recommendation Over Gold Assets Despite Record High For Precious Metal | Benzinga
Peter Schiff, a prominent critic of Bitcoin (CRYPTO: BTC), has expressed his views on the potential of gold outperforming Bitcoin in the upcoming month despite the lack of recommendations for gold ETFs on CNBC’s Fast Money.
What Happened: On Tuesday, Schiff took to X (formerly Twitter) to voice his thoughts on the recent investment advice given on CNBCFastMoney. Despite the record-high close for gold, none of the crew members recommended buying a gold ETF or any gold mining stock. Instead, one member suggested buying one of the new Bitcoin ETFs.
One member of the @CNBCFastMoney crew recommended buying one of the new #BitcoinETFs. Despite gold's record-high close, not a single member recommended buying a #gold ETF, or any gold mining stock. That means April could be the best month for gold and the miners so far this year. — Peter Schiff (@PeterSchiff) March 28, 2024
Schiff, being a known proponent of gold, has expressed his skepticism about the quality of US growth and has often ...