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MU $1,066.38 -0.14%
AMD $634.02 -0.05%

Economist Peter Schiff: Bitcoin is not digital gold

2025-05-05 11:09:29

ChainCatcher message, gold advocate and economist Peter Schiff posted on X stating, "U.S. stock index futures and the dollar are both facing sell-offs. However, gold and Bitcoin are showing completely opposite trends again. Gold is behaving like a safe-haven asset, rising about 1%. Meanwhile, Bitcoin's trading performance resembles that of a risk asset, falling about 2%. Clearly, Bitcoin is not digital gold."

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