Prominent investor Peter Schiff urges people to exit cryptocurrencies, claiming that despite Bitcoin's recent strong performance, "the frenzy is over." He emphasizes that the significant overnight rise in precious metals is evidence of a historic shift. Meanwhile, Bitcoin broke above $93,000 earlier on Monday, confirming a "higher low" market structure, although it remains 27% below its all-time high.
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Prominent investor Peter Schiff urges people to exit cryptocurrencies, claiming that despite Bitcoin's recent strong performance, "the frenzy is over." He emphasizes that the significant overnight rise in precious metals is evidence of a historic shift. Meanwhile, Bitcoin broke above $93,000 earlier on Monday, confirming a "higher low" market structure, although it remains 27% below its all-time high.