GOLD - Peter Schiff Taunts Bitcoin Holders Urges Them To Exchange Their Crypto Holdings For Gold: 'If You Fail To Act Have Fun Staying Poor' | Benzinga
Economist Peter Schiff has once again stirred the crypto community, this time by advising Bitcoin (CRYPTO: BTC) holders to exchange their holdings for gold and silver.
What Happened: On Monday, Schiff, a well-known Bitcoin critic, took to social media platform X, formerly known as Twitter, to taunt Bitcoin holders. He suggested they consider selling their Bitcoin and buying gold and silver at favorable prices.
He wrote, “Attention Bitcoin #HODLers. This may be your last change to sell your #Bitcoin and buy some #gold and #silver at favorable prices. If you fail to act, have fun staying poor.”