Peter Schiff: Bitcoin Rally Just a **"False Breakout,"** Suggests Selling BTC to Buy Gold

BlockBeats News, August 21st. Bitcoin's long-time critic Peter Schiff posted a message stating, "The rally that saw Bitcoin break above $72,000 is a fake breakout, not a true one. The announcement of a buyback plan by the U.S. Treasury caught the market off guard. Bitcoin investors have long believed that a return to loose monetary policy would be the catalyst for a major surge in both gold and Bitcoin. However, this prediction was only half correct. It is recommended to sell Bitcoin and buy gold."