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Peter Schiff Criticizes Bitcoin Dollar-Cost Averaging, Warns of Losses
Peter Schiff, a renowned economist and gold advocate, commented on social media about a strategy of accumulating crypto positions totaling 592 Bitcoin. According to Foresight News, he pointed out that despite the lower entry price, recently purchased assets have already lost over 5% in value. The expert warned that if dollar-cost averaging continues, the investor's overall losses could only increase. At present, Bitcoin is trading at $71.36K with a daily gain of +1.14%. Peter Schiff's comment once again highlights his skeptical stance toward volatile digital economy assets. #BTC