Digital Gold or Real Gold? Peter Schiff’s Case Against Bitcoin Gains Momentum
Global markets have entered another volatile phase yet again. Stocks are sliding, and geopolitical tensions (particularly the renewed trade tensions between the US and China) are driving uncertainty. In this climate, gold has soared to new record highs above $4,000 per ounce, silver has surpassed $50, while Bitcoin has dropped by roughly 8% in the last 7 days.
Veteran investor, long-time gold supporter, and Bitcoin critic Peter Schiff believes the recent split between the two assets confirms his long-standing view that Bitcoin is not digital gold. But is he right?
Gold’s historic breakout
Gold’s latest jump to record highs has caught many experts off guard. For the first time ever, it has closed above $4,000, which may indicate a possible shift in investor sentiment. The rally is likely being driven by several key factors:
- Lingering concerns about inflation, despi…
Read The Full Article Digital Gold or Real Gold? Peter Schiff’s Case Against Bitcoin Gains Momentum On Coin Edition.
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Digital Gold or Real Gold? Peter Schiff’s Case Against Bitcoin Gains Momentum
Global markets have entered another volatile phase yet again. Stocks are sliding, and geopolitical tensions (particularly the renewed trade tensions between the US and China) are driving uncertainty. In this climate, gold has soared to new record highs above $4,000 per ounce, silver has surpassed $50, while Bitcoin has dropped by roughly 8% in the last 7 days.
Veteran investor, long-time gold supporter, and Bitcoin critic Peter Schiff believes the recent split between the two assets confirms his long-standing view that Bitcoin is not digital gold. But is he right?
Gold’s historic breakout
Gold’s latest jump to record highs has caught many experts off guard. For the first time ever, it has closed above $4,000, which may indicate a possible shift in investor sentiment. The rally is likely being driven by several key factors:
- Lingering concerns about inflation, despi…
Read The Full Article Digital Gold or Real Gold? Peter Schiff’s Case Against Bitcoin Gains Momentum On Coin Edition.
Read More
Bitcoin’s Decline Sparks Altcoin Rally Amid Analyst Concerns