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In the ever-evolving world of cryptocurrency, Bitcoin has once again taken center stage with its remarkable performance in the year 2024. Surging by more than 45% year to date, Bitcoin’s bullish momentum has captured the attention of investors worldwide.
However, amidst the euphoria surrounding Bitcoin’s meteoric rise, economist Peter Schiff has sounded a cautionary note, urging investors to consider diversifying their portfolios with traditional safe-haven assets like gold and silver. Schiff’s warning comes at a time when Bitcoin’s price seems to know no bounds, consistently breaking through resistance levels and reaching new highs.
In a post on X earlier this month, Schiff, the CEO and chief global strategist at Euro Pacific Capital, delivered a stark message to Bitcoin “HODLers,” advising them to seize the opportunity to sell their Bitcoin holdings and acquire gold and silver while prices remain favorable. The term “HODL,” derived from a misspelling of “hold” and popularized in the crypto community, reflects the steadfast commitment of investors to hold onto their assets despite market fluctuations….Story continues…
By : Rahul Kumar
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