🅱️ Peter Schiff: gold, not bitcoin, will benefit from the weakness of the dollar

Famous economist Peter Schiff stated that bitcoin is not an effective hedge against the decline of the US dollar.

🔺 According to him:

🔵 Gold historically benefits from the weakness of the dollar.

🔵 Bitcoin shows a negative correlation with gold and is not suitable as a safe-haven asset.

🔵 Investments in BTC are a waste of money that only increases pressure on the US currency.

Schiff also criticized both US parties for their fiscal and monetary policy. He emphasized that lowering interest rates (as Trump suggests) will not solve the problem, unlike cutting spending.

⚖️ "The decline of the dollar index allows for a comparison of the real properties of gold and bitcoin as safe-haven assets," he noted.

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