Peter Schiff says that claiming gold price increases are bullish for bitcoin is a false narrative
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Economist Peter Schiff posted on X, stating that Tom Lee claims rising gold prices are beneficial for bitcoin. Peter Schiff believes that bitcoin's boom occurred during a period when gold prices were consolidating, which made bitcoin replace gold as a better inflation hedge and safe-haven asset. He pointed out that the recent breakout in gold prices has shattered this notion.
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