Peter Schiff Questions Bitcoin’s Gold Claim: Volatility and Uncertainties Undermine its Stability

Economist Peter Schiff has reignited the debate about Bitcoin’s suitability as a safe investment by questioning its status as digital gold. In his latest comments, Schiff highlighted Bitcoin’s high price volatility and market uncertainties as factors contributing to a lack of reliability. He suggests that comparing it to traditional gold is misleading, arguing that Bitcoin resembles risky investments that could mislead investors during economic uncertainty.