Cryptocurrencies and gold are always compared in their role as value storage assets. Peter Schiff, a long-time gold supporter, emphasized on social X that Bitcoin is not a "digital gold". In the recent market context, when both futures stock indices and USD index have declined, gold and Bitcoin have shown completely opposite trends. Gold increased by about 1%, demonstrating the characteristics of a safe-haven asset. Meanwhile, Bitcoin dropped by around 2%, displaying the nature of a risky asset. According to Schiff, this difference clearly shows that Bitcoin cannot be considered digital gold. This information is only intended to provide market knowledge, not investment advice.
Peter Schiff: Bitcoin is not digital gold
This article is machine translated
Show original
Sector:
Source
Disclaimer: The content above is only the author's opinion which does not represent any position of Followin, and is not intended as, and shall not be understood or construed as, investment advice from Followin.
Like
Add to Favorites
Comments
Share
Relevant content