The Bitcoin nemesis remains doubtful despite the cryptocurrency's surge to $28K
on the long-term sustainability of the recent Bitcoin rally that propelled the world's largest cryptocurrency by market capitalization to $28,000.
However, Schiff maintains a skeptical view on the sustained demand for this exchange, implying that more trading opportunities for Bitcoin will not spark more long-term interest in the flagship cryptocurrency. views the exchange as a gambling table for Bitcoin, suggesting that the cryptocurrency is being played more as a high-risk chip than held as a safe long-term investment or stable reserve of value.
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