Advertisement
AD

Main navigation

Error message

  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3061 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h210">‘Bitcoin is down so little’</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h389">Why the gold price is falling, Schiff explains</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    While&nbsp;<a rel="nofollow" target="_blank" href="#">markets are in&nbsp;heavy decline</a>, including precious metals&nbsp;such as silver and the all-time safe-haven gold (XAU), famous Bitcoin critic Peter Schiff says&nbsp;he is not as&nbsp;surprised at gold's decline as he is that&nbsp;Bitcoin has&nbsp;dropped 'so&nbsp;little’.
    
    ‘Bitcoin is down so little’
    
    While gold has mostly been a reliable safe haven and rarely tumbles, this time as the global turmoil in stock markets and financial markets continues, even XAU has shown a weak spot and moved down the charts.
    
    Gold advocate Peter Schiff tweeted last week that gold was down 2.4 percent, while BTC started&nbsp;a sharp decline of 25% before continuing to&nbsp;fall.
    
    Today, Mr. Schiff writes that gold has lost 4 percent but Bitcoin is down 15 percent, as the price has slid down to the $4,600 zone. The latter fact is crazier than the former for Schiff. He calls the BTC price fall ‘a little one’, though one BTC, he explains, can still buy a whole three ounces of gold. That’s a great exchange rate, he tweets.
    
    <blockquote class="twitter-tweet">
    While it's crazy that <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> is down so much, it's even crazier that <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is down so little. Though gold is down 4% and Bitcoin is down 15%, one Bitcoin still buys three ounces of gold. That's a great exchange rate. Hodlers had better act quick or they will miss their chance.
    — Peter Schiff (@PeterSchiff) <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1239514499276775429?ref_src=twsrc%5Etfw">March 16, 2020</a></blockquote>
    
    
    Over the weekend, <a rel="nofollow" target="_blank" href="#">U.Today reported</a> that, during a discussion on Twitter, Peter Schiff predicted that Bitcoin was about to&nbsp;lose&nbsp;50 percent more.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Why the gold price is falling, Schiff explains
    
    When explaining why <a href="https://u.today/bitcoin-btc-fate-to-hit-gold-xau-soon-sell-off-coming-macro-economist">gold</a> – the best safe-haven&nbsp;asset, as per traditional investors – is going down, currently failing to be a hedge against financial risks, Peter Schiff says that investors do not yet realize how much worse the situation on the markets could&nbsp;get. He obviously means the recent QE program of $700 bln initiated by the US Fed Reserve.
    
    As soon as investors realize what&nbsp;the consequences of the current monetary policy are, <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1239511735247212544">he writes</a>, gold will soar in price.
    
    <blockquote>
    "Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary &amp; fiscal policy mistakes will be. When they figure it out en masse, <a rel="nofollow" target="_blank" data-focusable="true" dir="ltr" href="https://twitter.com/hashtag/gold?src=hashtag_click" role="link">#gold</a> will skyrocket."
    </blockquote>
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 997)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    
  • Warning: Undefined array key 1 in Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard() (line 3064 of modules/custom/cryptocompare/src/TwigExtension/RemoveSpace.php).
    Drupal\cryptocompare\TwigExtension\RemoveSpace::getcard('
                        Contents
                        <ul class="article__contents-list"><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h210">‘Bitcoin is down so little’</a></li><li class="article__contents-item"><a class="article__contents-link link-pseudo" href="#h389">Why the gold price is falling, Schiff explains</a></li></ul>
        Advertisement
        
            
        
        
            
                    
                
                                                
    
            
            
                    
                
                                                
    
            
        
    While&nbsp;<a rel="nofollow" target="_blank" href="#">markets are in&nbsp;heavy decline</a>, including precious metals&nbsp;such as silver and the all-time safe-haven gold (XAU), famous Bitcoin critic Peter Schiff says&nbsp;he is not as&nbsp;surprised at gold's decline as he is that&nbsp;Bitcoin has&nbsp;dropped 'so&nbsp;little’.
    
    ‘Bitcoin is down so little’
    
    While gold has mostly been a reliable safe haven and rarely tumbles, this time as the global turmoil in stock markets and financial markets continues, even XAU has shown a weak spot and moved down the charts.
    
    Gold advocate Peter Schiff tweeted last week that gold was down 2.4 percent, while BTC started&nbsp;a sharp decline of 25% before continuing to&nbsp;fall.
    
    Today, Mr. Schiff writes that gold has lost 4 percent but Bitcoin is down 15 percent, as the price has slid down to the $4,600 zone. The latter fact is crazier than the former for Schiff. He calls the BTC price fall ‘a little one’, though one BTC, he explains, can still buy a whole three ounces of gold. That’s a great exchange rate, he tweets.
    
    <blockquote class="twitter-tweet">
    While it's crazy that <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/gold?src=hash&amp;ref_src=twsrc%5Etfw">#gold</a> is down so much, it's even crazier that <a rel="nofollow" target="_blank" href="https://twitter.com/hashtag/Bitcoin?src=hash&amp;ref_src=twsrc%5Etfw">#Bitcoin</a> is down so little. Though gold is down 4% and Bitcoin is down 15%, one Bitcoin still buys three ounces of gold. That's a great exchange rate. Hodlers had better act quick or they will miss their chance.
    — Peter Schiff (@PeterSchiff) <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1239514499276775429?ref_src=twsrc%5Etfw">March 16, 2020</a></blockquote>
    
    
    Over the weekend, <a rel="nofollow" target="_blank" href="#">U.Today reported</a> that, during a discussion on Twitter, Peter Schiff predicted that Bitcoin was about to&nbsp;lose&nbsp;50 percent more.
    
    <a rel="nofollow" target="_blank" href="#">card</a>
    
    Why the gold price is falling, Schiff explains
    
    When explaining why <a href="https://u.today/bitcoin-btc-fate-to-hit-gold-xau-soon-sell-off-coming-macro-economist">gold</a> – the best safe-haven&nbsp;asset, as per traditional investors – is going down, currently failing to be a hedge against financial risks, Peter Schiff says that investors do not yet realize how much worse the situation on the markets could&nbsp;get. He obviously means the recent QE program of $700 bln initiated by the US Fed Reserve.
    
    As soon as investors realize what&nbsp;the consequences of the current monetary policy are, <a rel="nofollow" target="_blank" href="https://twitter.com/PeterSchiff/status/1239511735247212544">he writes</a>, gold will soar in price.
    
    <blockquote>
    "Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary &amp; fiscal policy mistakes will be. When they figure it out en masse, <a rel="nofollow" target="_blank" data-focusable="true" dir="ltr" href="https://twitter.com/hashtag/gold?src=hashtag_click" role="link">#gold</a> will skyrocket."
    </blockquote>
    ') (Line: 1086)
    Drupal\cryptocompare\TwigExtension\RemoveSpace->formatbody(Array) (Line: 54)
    __TwigTemplate_75845256f703f5319a38e035b4af7dd9->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/field--body.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('field', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array) (Line: 474)
    Drupal\Core\Template\TwigExtension->escapeFilter(Object, Array, 'html', NULL, 1) (Line: 997)
    __TwigTemplate_625426e732c5f7a66fde6d628d98a6b2->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 62)
    __TwigTemplate_e934e56c1e459c359b150360c7169113->doDisplay(Array, Array) (Line: 394)
    Twig\Template->displayWithErrorHandling(Array, Array) (Line: 367)
    Twig\Template->display(Array) (Line: 379)
    Twig\Template->render(Array, Array) (Line: 40)
    Twig\TemplateWrapper->render(Array) (Line: 53)
    twig_render_template('themes/cryptod/templates/node.html.twig', Array) (Line: 372)
    Drupal\Core\Theme\ThemeManager->render('node', Array) (Line: 436)
    Drupal\Core\Render\Renderer->doRender(Array, ) (Line: 204)
    Drupal\Core\Render\Renderer->render(Array, ) (Line: 238)
    Drupal\Core\Render\MainContent\HtmlRenderer->Drupal\Core\Render\MainContent\{closure}() (Line: 583)
    Drupal\Core\Render\Renderer->executeInRenderContext(Object, Object) (Line: 239)
    Drupal\Core\Render\MainContent\HtmlRenderer->prepare(Array, Object, Object) (Line: 128)
    Drupal\Core\Render\MainContent\HtmlRenderer->renderResponse(Array, Object, Object) (Line: 90)
    Drupal\Core\EventSubscriber\MainContentViewSubscriber->onViewRenderArray(Object, 'kernel.view', Object)
    call_user_func(Array, Object, 'kernel.view', Object) (Line: 111)
    Drupal\Component\EventDispatcher\ContainerAwareEventDispatcher->dispatch(Object, 'kernel.view') (Line: 187)
    Symfony\Component\HttpKernel\HttpKernel->handleRaw(Object, 1) (Line: 76)
    Symfony\Component\HttpKernel\HttpKernel->handle(Object, 1, 1) (Line: 58)
    Drupal\Core\StackMiddleware\Session->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\KernelPreHandle->handle(Object, 1, 1) (Line: 191)
    Drupal\page_cache\StackMiddleware\PageCache->fetch(Object, 1, 1) (Line: 128)
    Drupal\page_cache\StackMiddleware\PageCache->lookup(Object, 1, 1) (Line: 82)
    Drupal\page_cache\StackMiddleware\PageCache->handle(Object, 1, 1) (Line: 48)
    Drupal\Core\StackMiddleware\ReverseProxyMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\NegotiationMiddleware->handle(Object, 1, 1) (Line: 51)
    Drupal\Core\StackMiddleware\StackedHttpKernel->handle(Object, 1, 1) (Line: 704)
    Drupal\Core\DrupalKernel->handle(Object) (Line: 18)
    

It’s Crazy Bitcoin (BTC) Is Down So Little: Peter Schiff

Advertisement
Mon, 16/03/2020 - 12:31
It’s Crazy Bitcoin (BTC) Is Down So Little: Peter Schiff
Cover image via www.facebook.com
Read U.TODAY on
Google News
Contents
Advertisement

While markets are in heavy decline, including precious metals such as silver and the all-time safe-haven gold (XAU), famous Bitcoin critic Peter Schiff says he is not as surprised at gold's decline as he is that Bitcoin has dropped 'so little’.

‘Bitcoin is down so little’

While gold has mostly been a reliable safe haven and rarely tumbles, this time as the global turmoil in stock markets and financial markets continues, even XAU has shown a weak spot and moved down the charts.

Gold advocate Peter Schiff tweeted last week that gold was down 2.4 percent, while BTC started a sharp decline of 25% before continuing to fall.

Today, Mr. Schiff writes that gold has lost 4 percent but Bitcoin is down 15 percent, as the price has slid down to the $4,600 zone. The latter fact is crazier than the former for Schiff. He calls the BTC price fall ‘a little one’, though one BTC, he explains, can still buy a whole three ounces of gold. That’s a great exchange rate, he tweets.

Over the weekend, U.Today reported that, during a discussion on Twitter, Peter Schiff predicted that Bitcoin was about to lose 50 percent more.

card

Why the gold price is falling, Schiff explains

When explaining why gold – the best safe-haven asset, as per traditional investors – is going down, currently failing to be a hedge against financial risks, Peter Schiff says that investors do not yet realize how much worse the situation on the markets could get. He obviously means the recent QE program of $700 bln initiated by the US Fed Reserve.

As soon as investors realize what the consequences of the current monetary policy are, he writes, gold will soar in price.

"Gold is falling because investors are clueless as to what is coming. Their mindset is similar to that of central bankers. They have no idea how bad the consequences of the current monetary & fiscal policy mistakes will be. When they figure it out en masse, #gold will skyrocket."

Advertisement
TopCryptoNewsinYourMailbox
TopCryptoNewsinYourMailbox
Advertisement

Latest Press Releases

Our social media
There's a lot to see there, too

Popular articles