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COINOTAG reported that economist and cryptocurrency critic Peter Schiff used social channels to argue that gold is eroding Bitcoin‘s market share, citing a claimed 32% decline in Bitcoin relative to gold since August and characterizing the current cycle as a pronounced bear market. He recommended that long-term holders, commonly referred to as hodlers, consider reallocating into physical gold.
Market participants should treat this commentary as an opinion and perform independent analysis before acting; prudent portfolio management favors diversification, risk assessment and due diligence. Investors seeking exposure to digital assets or precious metals are advised to consult objective data and licensed financial advisors rather than rely solely on social-media proclamations.
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