Is Bitcoin crashing again? ⚠️ Gold surges by 1%, while it falls by 2%. Schiff speaks: It's not digital gold at all! 📉💥
In the early hours of Monday, renowned economist Peter Schiff tweeted that as U.S. stock futures and the dollar were being sold off, gold rose by about 1%, while Bitcoin fell by nearly 2%. He stated: "Gold is like a safe haven... Bitcoin trading is more like a risk asset... Clearly, it is not digital gold."
Bitcoin is often regarded as "digital gold" due to its scarcity and decentralization, but Schiff pointed out that it has not shown safe-haven properties during market turmoil.
As global uncertainty rises, investors are increasingly focused on the performance differences between traditional assets, cryptocurrencies, and inflation hedging tools, reigniting the tug-of-war between "gold vs. Bitcoin" 📊🔍.