🧐 ProPicks AI October update is out now! See which stocks made the listPick Stocks with AI

Bitcoin Up 27% Since Gold Bull Schiff Advised To 'Drop' It: Tesla Investor Says Apex Crypto Is Like A 'Cockroach'

Published 23/01/2023, 04:58
© Reuters.  Bitcoin Up 27% Since Gold Bull Schiff Advised To 'Drop' It: Tesla Investor Says Apex Crypto Is Like A 'Cockroach'
GC
-
TSLA
-
BTC/EUR
-
BTC/USD
-
CRCW
-
BTC/EUR
-
BTC/JPY
-
BTC/USD
-
BTC/JPY
-
BTC/GBP
-
BTC/GBP
-

Benzinga - Peter Schiff's advice to sell Bitcoin (CRYPTO: BTC) seems to have backfired — the apex crypto is up 27% since then, according to data from Benzinga Pro.

What Happened: Schiff pointed out earlier this month that Bitcoin was trading at its highest level in 3 weeks, above $18,000, saying it presented "a great opportunity" for holders to take advantage of the price and sell prior to the release of the December Consumer Price Index (CPI).

Podcaster Peter McCormack on Sunday said Bitcoin had eked out gains since then, unlike gold. This comes as the global crypto market cap has once again crossed the $1 trillion mark, after closing 2022 below $790 billion.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.