Peter Schiff has criticized Bitcoin's performance during recent geopolitical tensions between Israel and Iran, arguing that it fails to act as a true safe haven asset. While gold has surged to near-record highs, $BTC has dropped alongside stock markets, raising doubts about its reliability in times of crisis.
Schiff points to gold’s rising value and central banks' increasing gold reserves as proof of its stability, contrasting it with Bitcoin’s volatility. While some still view #Bitcoin as a store of value due to its scarcity and decentralization, Schiff maintains that gold remains the more dependable hedge during economic uncertainty.
