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Cryptocurrency News Articles
Peter Schiff Explains Why He Refuses to Buy Bitcoin (BTC) Despite Expectations of Growth
Dec 17, 2024 at 01:34 am
The price of Bitcoin jumped to a new all-time high (ATH) of $106,488.25 on Dec. 15 after an almost weeklong consolidation.
Bitcoin price hit a new all-time high (ATH) on Dec. 15 after an almost weeklong consolidation. The price soared to $106,488.25 at one point.
However, the coin has dropped to $104,693.33 after hitting the ATH. Despite this trend, queries from the community arose regarding why Bitcoin critic Schiff refused to buy the coin amid expectations of growth.
In a subsequent post, Schiff criticized Bitcoin’s influence among buyers, stating that many new people are buying the coin to get rich. However, he highlighted how unsustainable the cycle is, as those who own BTC refuse to sell. He contrasted this trend with that of gold, claiming that those buying gold are doing so to stay rich and not to get wealthy like Bitcoin.
His belief also hinges on the role of Bitcoin as a hedge against inflation and for sustained wealth generation. Following what is now known as the Bitcoin standard, MicroStrategy has entered the Nasdaq 100 Index for the first time since its inception. The firm has gained recognition as the first crypto-focused entity to gain that inclusion, setting the pace for others.
Disclaimer:info@kdj.com
The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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- Bitcoin ETFs See $5.3B Inflow Surge Following Treasury Buyback Signal, Analysts Watch for Sustained Demand
- Sep 28, 2026 at 12:05 pm
- Bitcoin ETFs reportedly attracted $5.3 billion in net inflows after the US Treasury signaled a shift in bond buyback strategy. This has sparked interest in whether policy signals are influencing institutional demand for regulated crypto exposure.
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- Quant Network Ignites Banking Sector Engagement with Landmark Interoperability Deal, Driving QNT Surge
- Sep 28, 2026 at 11:55 am
- Quant Network's QNT token has surged dramatically following a pivotal partnership with The Clearing House, set to power a major US tokenized deposit network and reinforcing Quant's role in blockchain interoperability for traditional finance.
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- Bitcoin ETFs Surge: $5.3 Billion Inflow Coincides with Treasury Buyback Plan Amidst Market Dynamics
- Sep 28, 2026 at 11:55 am
- Analysis of recent Bitcoin ETF performance reveals significant inflows following the Treasury's bond buyback announcement, sparking discussions on institutional demand and market signals.
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- XRP Price Prediction: The $1.61 Wall XRP Must Break for a Bull Run
- Sep 28, 2026 at 04:05 am
- XRP is at a critical juncture, testing traders' patience as it navigates between key support at $1.50 and formidable resistance at $1.61, with a decisive move potentially signaling a new market paradigm beyond Bitcoin's dominance.
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- Québec Warns Investors on Pump.fun as Launchpad Wars Heat Up: Navigating Regulatory Currents and Capturing Investor Interest
- Sep 28, 2026 at 03:55 am
- Québec's financial regulator issues a warning about Pump.fun's unauthorized solicitations, highlighting regulatory risks for investors, even as the broader crypto launchpad market experiences intense competition and shifts in revenue leadership.
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- Altcoin Market Momentum Surges Amidst Record Capital Inflows, Binance Trends Signal Shifting Investor Appetite
- Sep 28, 2026 at 03:55 am
- Analyzing recent altcoin market dynamics, this report highlights significant capital inflows and shifting trends on Binance, suggesting a potential peak in momentum.
