Peter Schiff Warns Bitcoin Is No Hedge Against Inflation Despite Recent Price Surge

Peter Schiff questions Bitcoin's inflation hedge role as BTC rises 14% in April amid Fed rate cut hopes and long-term holder accumulation.

Peter Schiff Warns Bitcoin Is No Hedge Against Inflation Despite Recent Price Surge

Highlights

Peter Schiff says Bitcoin still tracks tech stocks, not gold, questioning its role as an inflation hedge.

Bitcoin rose 14% in April, but Schiff argues it's driven by speculation, not store-of-value fundamentals.

Despite Schiff's criticism, long-term holders added 254K+ BTC, showing continued investor confidence.

Peter Schiff has questioned Bitcoin’s role as a hedge against inflation, stating that its recent trading patterns do not support the claim. Schiff, known for his strong stance on gold, argued that Bitcoin continues to behave more like a tech stock than a store of value.