Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesStocksEarnInstitutionAI & More
Economist Peter Schiff: Bitcoin is Not Digital Gold

Economist Peter Schiff: Bitcoin is Not Digital Gold

ChaincatcherChaincatcher2025/05/05 03:54
Show original

ChainCatcher reports that gold advocate and economist Peter Schiff posted on X, "U.S. stock index futures and the dollar are both being sold off. However, gold and Bitcoin are once again moving in opposite directions. Gold is acting like a safe-haven asset, rising about 1%. Meanwhile, Bitcoin is trading like a risk asset, falling about 2%. Clearly, Bitcoin is not digital gold."

 
0
0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

Understand the market, then trade.
Bitget offers one-stop trading for cryptocurrencies, stocks, and gold.
Trade now!

You may also like

A Contrarian Amid the Selloff in French Bonds: 370 billion AUD Pension Fund Increases Holdings, Betting That Fiscal Risks Are Overestimated

Australia's second largest pension fund is buying French government bonds. The institution believes that the market has overreacted in pricing France's fiscal predicament and the European Central Bank's interest rate hike outlook.

智通财经•2026/10/26 07:21