RATE Group | Peter Schiff Says Every Asset Class But BTC Is Rallying as 2019 Ends
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Peter Schiff Says Every Asset Class But BTC Is Rallying as 2019 Ends

29 Dec Peter Schiff Says Every Asset Class But BTC Is Rallying as 2019 Ends

Posted at 16:19h in Bitcoin News by

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Famous gold bug Peter Schiff made another anti-Bitcoin (BTC) claim, pointing out that it’s the only asset class that is not rallying by the end of 2019.

As United States stocks recently hit new all-time high, Schiff has provided his sarcastic remark that Bitcoin’s price doesn’t correlate with performance of other asset classes such as U.S. stocks, precious metals and others. Schiff tweeted on Dec. 27:

“Bitcoin is not disappointing those who claim its true value is that it’s a non-correlated asset. Every asset class in the world is rallying into the end of the year except Bitcoin. Not sure what value this actually adds, but at least #Bitcoin is meeting expectations on something!”

U.S. stock market hits historical highs

Schiff’s statement comes after the U.S. stock market recorded a new historical high, rallying into the end of 2019. On Dec. 26, CNBC reported that all three major stock averages hit their ATHs, with the Nasdaq Composite (NASDAQ) breaking the 9,000 mark for…

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