‘Bitcoin Mania’ Is Over, Slams Critic, Claims Gold and Silver Entering ‘Biggest Bull Market in History’

Longtime Bitcoin critic Peter Schiff asserted that the 'Bitcoin mania' is finished, claiming that gold and silver are entering what he predicts will be the "biggest precious metals bull market in history." Schiff pointed to recent significant gains in precious metals—gold up 1.35%, silver up 3%, palladium up 3.5%, and platinum up 5% on a specific Monday—as evidence that investors are shifting toward traditional safe-haven assets. He defended his long-term bullish stance on gold, noting that while the price was slightly below a previous target, the overall bull market started much earlier. The article notes that gold was trading around $4,435, up nearly 30% in six months, while silver surged almost 100% in the same period. Despite Schiff's critique, some analysts remain optimistic about Bitcoin, with forecasts ranging from $150,000 to $170,000, contingent on factors like early interest rate easing. Technically, one analyst noted positive momentum for BTC, suggesting a potential rally toward $98,139, though a risk of reversal remains.

(Source：CCN)