Crypto and Tech at Risk Amid Rising Rates: Peter Schiff
Popular Bitcoin critic and gold advocate Peter Schiff has once again issued new assertions to downplay the broad crypto ecosystem.
This time, the vocal critic has described crypto and tech investors as ignorant amid rising rates, in an X post on May 21.
Although Bitcoin has seen a sharp surge today, pushing its price to a new high of $109,000, Schiff still believes it is a death trap for investors in the space.
In his post, Schiff revealed that he is curious about how much higher long-term interest rates need to jump before investors in the crypto and tech industries take notice. However, Schiff believes that moments of realization are fast…
