Peter Schiff Disputes Bitcoin’s Inflation Protection Claims

Bitcoin investor Peter Schiff criticizes Bitcoin’s status as an inflation hedge, arguing that recent price increases are driven by speculation rather than fundamental changes. His comments challenge the narrative surrounding Bitcoin as a safe haven asset during economic turmoil. While Schiff believes gold holds more value as an inflation hedge, long-term Bitcoin holders remain confident in its potential for growth. 0n-chain data indicates a strong commitment from seasoned investors despite this debate. Schiff’s skepticism adds fuel to the ongoing discussion about Bitcoin’s suitability as a reliable inflation protection tool.