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Will Bitcoin Hit $3,000 Before Gold? Peter Schiff Asks Your Opinion

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Fri, 02/21/2020 - 15:49
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  • Bitcoin or gold: Peter Schiff wants to know, which of these two assets will touch $3,000 first

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Contents

Peter Schiff, the CEO of Euro Pacific Capital, has just forced Bitcoiners to make a bullish case for gold.  

He has just published a new poll where he asks his followers to predict, which of the two assets is going to reach $3,000 first.

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The end of Bitcoin's story 

Considering that BTC is currently trading at $9,685, plunging back to $3,000 would be detrimental for the top cryptocurrency by market cap. It hasn't seen such low prices since August 2017. 

Veteran chartist Peter Brandt predicted that Bitcoin collapsing below its bear market bottom would be the end of its story.

Back in October, Schiff tweeted that the BTC price could possibly all the way down to $200.

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Peter Schiff on Alex Jones Embracing Bitcoin (BTC): 'This Is How Manias End' - READ MORE

Gold continues to surge  

While BTC is struggling to resume its 2020 rally, gold has recently reached its highest level in seven levels due to safe-haven demand. The lustrous metal is currently up by 1.6 percent after touching an intraday high of $1,649.

As reported by U.Today, Schiff recently compared that, unlike Bitcoin, gold wasn't getting any press coverage on CNBC. 

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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Sun, 03/29/2020 - 19:38
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  • Bitcoin (BTC) scammers know no quarantines or self-isolation. Dozens of fraudulent airdrops falsely endorsed by Bill Gates ask YouTubers to send in their Bitcoins.

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Typically, fake YouTube airdrops are quite similar to each other. With the current pandemic enraging across the planet, a series of scams that impersonate Bill Gates have some distinct features.

With Bitcoin (BTC) Price Drop, Scammers are Getting Greedy

Just like in several other previous cases, the fraudsters launch fake 'live streams' on YouTube, asking users to send in their Bitcoins (BTC) in order to get redouble the initial amount.  An 'entry ticket' into to this scam starts at 0.1 BTC which is more than $650. With previous scams, it was much cheaper.

Fake YouTube Bitcoin (BTC) airdrop
Image via YouTube

The scammers also publish the URLs of this campaign, which are linked to suspicious websites. Unlike previous cases, fraudsters launch multiple live streams simultaneously. At press time of this article, at least two of them were active.

Multiple scam streams on YouTube
Image by YouTube

According to statistics, the average popularity of one live stream is about 30,000 viewers.

Very Bad Idea

Alongside that, launching fake airdrops on behalf of Microsoft's Bill Gates isn't a slam dunk for the fraudsters. It may seem ironic, but Mr. Gates is a prominent critic of cryptocurrencies, particularly of Bitcoin (BTC). He is sure that digital assets represent a kind of a ‘greater fool theory’ type of investment.

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Cryptocurrencies kill, added Mr. Gates. To him, its only use-case besides short-term speculations is illegal funding for drug trafficking:

Right now cryptocurrencies are used for buying fentanyl and other drugs, so it is a rare technology that has caused deaths in a fairly direct way.

The U.Today team will one more time state that no airdrop will be conducted without the notification from an official website of a product or token. Any YouTube, Medium, and/or Telegram announcements may shill scammers. Never send your money to unknown persons.

About the author

 Blockchain Analyst & Writer with scientific background. 5+ years in IT-analytics, 2+ years in blockhain. Worked in independent analysis (Crypto Briefing) as well as in start-ups (Swap.online, Monoreto, Attic Lab etc.)

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