$BTC Bitcoin Settlements Surge to $1.16 Billion; Economist Claims BTC is 15% Below Gold

Economist Peter Schiff renewed his criticisms of bitcoin, questioning its status as 'digital gold' after the cryptocurrency fell slightly following Israel's military attack on Iranian nuclear facilities.

Gold Surges After Israeli Attacks

Economist and bitcoin critic Peter Schiff seemed to reignite a dispute with bitcoin maximalists by questioning bitcoin's 'digital gold' credentials (BTC) after it plummeted 2% moments after Israel's attack on alleged Iranian nuclear facilities. According to data, bitcoin was once traded at $103,081 at the end of June 12 before it appeared to begin a recovery.