What Happened: Schiff said on Twitter that those BTC pumpers who claim that BTC is better than gold because its price has risen more than gold “must now concede that Dogecoin is better than Bitcoin.”
Schiff said that BTC has lost 97% of its value versus DOGE — adding, “The market has spoken. Dogecoin is eating Bitcoin.”
As of the start of 2021 — DOGE has risen 7,724.77%, BTC has risen 88.64%, and Spot Gold has fallen 6.76%.
DOGE traded 22.88% higher at $0.38 on a 24-hour basis, Bitcoin was down 1.35% at $55,044.37. Spot Gold was down 0.008 at $1,770.04 per ounce.
See Also:
Schiff had a stark warning for so-called Bitcoin holders — investors who adopt a buy and hold strategy.
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