Peter Schiff, defender of gold and critic of Bitcoin, has made headlines again with his stern warning that the price of BTC will never surpass the current decline.

His assertion is due to the fact that the price of Bitcoin has failed to keep pace with gold and silver, which have experienced record increases.

According to him, this trend is a clear indication of the weakness of the cryptocurrency compared to precious metals.

$BTC

BTC
BTC
87,445.38
-0.42%

$PAXG

PAXG
PAXG
4,511.25
+0.16%

#BTC

#PAXG