Economist Peter Schiff’s warning to ‘ignorant’ young people preferring Bitcoin
Bitcoin (BTC) has evolved over the years, with the maiden cryptocurrency currently trading above the $70,000 mark in pursuit of another all-time high. Throughout Bitcoin’s journey, the cryptocurrency has been predominantly associated with young people , possibly due to its digital nature. Addressing this trend, economist and Bitcoin skeptic Peter Schiff has warned young people that their prefer ence for the digital asset over gold could have consequences in the future. In a post on X (formerly Twitter) on March 31, Schiff suggested that Bitcoin’s popularity among young people stems mainly from “ignorance and lack of experience.” Picks for you Claude Opus AI predicts Gold price for the end of 2024 42 mins ago Breakout signal: This is the crucial XRP price level to watch 2 hours ago AI builds the ideal crypto portfolio for April 2 hours ago Meet Rolante, a Brazilian city that is adopting Bitcoin 5 hours ago Notably, he...