Bitcoin critic Peter Schiff has once again sparked discussion on the never-ending gold vs BTC debate with his recent post on X, reiterating his stance on the two assets. His argument centered on the growing trend of global central banks favoring gold reserves over Bitcoin. Gold Wins, Bitcoin Loses: Peter Schiff Explains Central Banks’ Choice In his recent X post, Peter Schiff doubled down on gold as the ultimate safe-haven asset. Via his thread, Schiff, a vocal Bitcoin critic, once again emphasized gold’s superiority over BTC. Referring to the foreign central banks’ increasing adoption of the traditional asset as a reserve, he stated, If gold is the past and Bitcoin is the future, why are foreign central banks that are preparing for a future where the U.S. dollar is no longer the reserve currency, replacing their dollar reserves with gold and not Bitcoin? According to Peter Schiff, the growing trend… Read More at Coingape.com
The post Bitcoin Critic Peter Schiff Explains Why Central Banks Will Choose Gold over BTC appeared first on CoinGape.
