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Economist Peter Schiff: Bitcoin is Not Digital Gold

Economist Peter Schiff: Bitcoin is Not Digital Gold

Chaincatcher2025/05/05 03:54

ChainCatcher reports that gold advocate and economist Peter Schiff posted on X, "U.S. stock index futures and the dollar are both being sold off. However, gold and Bitcoin are once again moving in opposite directions. Gold is acting like a safe-haven asset, rising about 1%. Meanwhile, Bitcoin is trading like a risk asset, falling about 2%. Clearly, Bitcoin is not digital gold."

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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