Peter Schiff Predicts Central Banks Will Favor Gold over Bitcoin

Peter Schiff’s prediction that central banks will favor gold over Bitcoin has gained traction, with Schiff arguing that gold’s intrinsic value makes it a safer haven asset compared to Bitcoin’s speculative nature. Schiff asserts that gold’s historical performance and current market trends solidify this view. He highlights Bitcoin’s volatility, comparing its market behavior to a risky investment like a risk-based commodity.