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Economist Peter Schiff contrasted the superior performance of gold with that of Bitcoin (CRYPTO: BTC) on Sunday, advising his followers to rotate into the yellow metal before getting “mauled.”
Schiff noted that gold had surpassed $4,100 in early Asian trading, while Bitcoin was struggling to hold on to $93,000.
The leading cryptocurrency was down 24.50% from its all-time high. But Schiff added that when compared to gold, the bear market appears “far more ferocious.”
“Sell Bitcoin now and bu