Central Bank Gold Purchases Cast Doubt on Bitcoin’s Future

As central banks globally expand their gold reserves, Peter Schiff has joined the growing chorus questioning Bitcoin’s long-term viability. This focus on traditional assets, like gold, instead of digital assets such as Bitcoin highlights a cautious stance from global financial institutions amidst geopolitical uncertainty. Shifts in reserve currency dynamics, with central banks favoring gold over Bitcoin, have prompted discussions about the future role of cryptocurrency in global finance.