GOLD - Peter Schiff Targets Mark Cuban Again Slams Shark For Picking Bitcoin Over Gold Amid Crypto Rally Cooling: 'A Big Mistake' | Benzinga
Peter Schiff, a known gold proponent, highlighted contrasting performances of gold and Bitcoin (CRYPTO: BTC) amid record highs of both assets while taking a dig at “Shark Tank” fame billionaire Mark Cuban.
What Happened: Noted gold enthusiast Peter Schiff took to X, formerly Twitter, on Tuesday to draw attention to the divergent paths of gold and Bitcoin. Despite both hitting all-time highs, Schiff pointed out significant differences in their respective ETFs’ performances, with gold ETFs closing at record highs and Bitcoin ETFs experiencing their worst day since going public.
Both #gold and #Bitcoin hit all-time record highs today. But while gold ETFs also closed at new all-time record highs, the #BitcoinETFs all had their worst days since going public, dropping by over 8.5% on the day and over 14% intraday. Gold broke out. Bitcoin made a double top! — Peter Schiff (@PeterSchiff) March 5, 2024
Taking aim at Cuban, Schiff said that while the Shark invests in Bitcoin over gold “all day”, it appears doing so was a mistake around the time the apex cryptocurrency rediscovered its all-time highs.
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Yesterday @mcuban said that he invests ...