๐ค Famous Bitcoin critic Peter Schiff warns that selling gold and silver at record levels to bet on what he calls a 'trap bounce' of #bitcoin or Strategy (MSTR) would be a serious mistake.
- Bitcoin: +7% - Total market capitalization of the cryptocurrency market: +227 billion dollars
Stocks and metals are close to their all-time highs, while Bitcoin remains at -24% from its all-time high.
When capital seeks value, it typically flows into undervalued assets, and cryptocurrencies fit this pattern and still have significant room for growth.
LATEST UPDATE: ๐บ๐ฒ The Senate Banking Committee has canceled today's vote on the cryptocurrency market structure bill after Coinbase's CEO withdrew his support.
๐จ ๐บ๐ธ Following the latest economic data, the market now expects a 95% chance of interest rates being held steady at the next decision, in 14 days.