Peter Schiff Disputes Bitcoin’s Rally, Claims Digital Gold Narrative Remains Unproven

Economist Peter Schiff argues that Bitcoin’s recent price rebound created unrealistic expectations for a market turnaround. He compares the asset to gold, arguing it lacks stability and fails as a reliable hedge against market volatility. Schiff claims investors are holding on to false hope based on the short-lived rally, even though long-term performance remains unimpressive compared to gold’s consistent track record.