{"id":136601,"date":"2024-09-02T09:30:14","date_gmt":"2024-09-02T06:30:14","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=136601"},"modified":"2024-09-02T01:15:43","modified_gmt":"2024-09-01T22:15:43","slug":"peter-schiff-criticizes-bitcoins-decline-as-gold-surges","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/peter-schiff-criticizes-bitcoins-decline-as-gold-surges\/","title":{"rendered":"Peter Schiff Criticizes Bitcoin’s Decline as Gold Surges"},"content":{"rendered":"

Since late February, Bitcoin<\/a> <\/strong>has experienced a decline of over 8%, while gold has seen a notable increase of around 23% during the same timeframe.<\/p>\n

Schiff remarked<\/a><\/strong> that the momentum has clearly shifted away from Bitcoin.<\/p>\n

Even though Bitcoin managed to bounce back after its steep drop in early August, it still closed the month with a loss of 8.74%, a setback for bullish investors.<\/p>\n

Historically, September has often been a challenging month for Bitcoin, with positive returns being rare. For instance, in 2019, Bitcoin lost 13.91% in September, and in 2014, it dropped by 19.31%.<\/p>\n