Bitcoin (CRYPTO: BTC) dipped below $71,000 for the first time in weeks on Monday, prompting critics to point out persistent weakness compared to equities.
Schiff Says Nasdaq Strength Makes Bitcoin’s Weakness Worse
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Peter Schiff pointed to the divergence between Bitcoin and equities as a warning sign.
“If Bitcoin is this weak now, even with the Nasdaq hitting record highs, just imagine how much weaker it will be when the Nasdaq finally has a correction, let alone enters a bear market,” Schiff posted on X.
