Gold investor Schiff criticized Bitcoin, Ethereum and XRP.
In early 2019, the leading crypto currency, Bitcoin, experienced a serious rally like the same gold and strengthened its title as a value retention tool.
BTC, which achieved an incredible rise until July and left the rise of gold behind, sadly drew criticism again upon its decline.
Schiff stressed that both Ether and XRP experienced a decline of 150 percent and 50 percent year-on-year, knowing that Bitcoin could drop to $ 6,450 in the downfall that started a few days ago. The decline of Bitcoin naturally affected other crypto currencies and the market suffered a significant loss.
Schiff said that Bitcoin still has a few trading days to close the year 2019 with loss, but did not escape the reaction with its comment.