Bitcoin’s Inflation Hedge Debated: Schiff vs. Lummis, and the Market Responds

Peter Schiff continues to challenge Bitcoin’s role as a reliable hedge against inflation, arguing it behaves more like a tech stock than a store of value. He contends that recent price surges don’t reflect intrinsic value and warns of its volatility during economic uncertainty. Conversely, Senator Cynthia Lummis believes Bitcoin adoption can help solve the U.S. national debt crisis. MicroStrategy, despite experiencing financial losses from its Bitcoin investment, remains committed to accumulating more Bitcoin. Meanwhile, market momentum fueled by recent inflation data and calls for interest rate cuts are supporting Bitcoin’s price.