Peter Schiff says that claiming gold price increases are bullish for bitcoin is a false narrative
Show original
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.
0
0
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!
You may also like
MakerDAO founder-related address deposits 4 million USDT into HyperLiquid to long crude oil
BlockBeats•2026/03/07 04:55
Trending news
MoreCrypto prices
More
Bitcoin
BTC
$68,074.42
-3.49%
Ethereum
ETH
$1,976.38
-4.53%
Tether USDt
USDT
$0.9999
-0.02%
BNB
BNB
$627.24
-2.58%
XRP
XRP
$1.36
-2.42%
USDC
USDC
$0.9999
-0.01%
Solana
SOL
$84.35
-4.25%
TRON
TRX
$0.2839
-0.53%
Dogecoin
DOGE
$0.09094
-2.59%
Cardano
ADA
$0.2586
-3.63%
How to buy BTC
Bitget lists BTC – Buy or sell BTC quickly on Bitget!
Trade now
Become a trader now?A welcome pack worth 6200 USDT for new users!
Sign up now