Peter Schiff Slams Bitcoin Again: “Cheap” Means Nothing Without Earnings or Yield
The Bitcoin price is up a little 0.67% to $62,763. The rest of the market is flat. The U.S. Senate passed a War Powers resolution aimed at de-escalating tensions with Iran. That calmed some nerves, and risk assets like crypto caught a bid. Bitcoin and gold are moving together right now. Over the last week, their price action is 81% correlated. That tells you this is about macro sentiment, not anything specific to crypto.