Peter Schiff: "Bitcoin's Rally Is Slowing Down… It Has Lost Momentum"

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Summary

Peter Schiff reported that Bitcoin has risen only 10% over the past 8 months.
During the same period, Nasdaq, Gold, and gold ETF 'GDX' increased by 12%, 28.5%, and 80%, respectively.
Schiff evaluated that Bitcoin is losing momentum despite positive factors.

Peter Schiff, a Bitcoin critic and economist, claimed that Bitcoin (BTC) is losing momentum.

On the 27th (local time), Peter Schiff stated on X (formerly Twitter), "After surpassing $100,000 last December, Bitcoin has risen only 10% in the past 8 months," and assessed, "Despite corporate holdings and excessive advertising, its performance remains sluggish."

He added, "During the same period, Nasdaq, gold, and gold ETF 'GDX' increased by 12%, 28.5%, and 80%, respectively," concluding that "Bitcoin is losing momentum."

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