The debate between traditional and digital assets just got spicier. Gold and silver are catching some serious momentum lately, riding the wave of renewed quantitative easing expectations. Prominent gold advocate Peter Schiff has wasted no time weighing in on the situation, using it as an opportunity to take shots at Bitcoin. His take? Bitcoin's performance is sluggish compared to precious metals and frankly, the king of crypto should be "retired" altogether.
This criticism highlights a persistent tension in the investment world. While QE typically devalues fiat currency and boosts hard assets like gold and silver, the relationship between monetary stimulus and Bitcoin's price movement remains hotly contested. Traditional finance champions like Schiff continue betting on the old playbook—physical metals as the ultimate store of value—while crypto advocates argue Bitcoin's decentralized nature makes it a superior hedge against inflation and currency debasement.
The market verdict? Time will tell whether precious metals maintain their edge or if digital assets prove their worth when central banks loosen the money supply again.
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MeaninglessApe
· 5h ago
Here we go again. Schiff always tries to ride the hype to criticize cryptocurrencies. He's happy when gold and silver rise, but as soon as Bitcoin shows any movement, he can't wait to call for its death sentence. Truly hilarious, haha.
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LiquidityWhisperer
· 5h ago
Old Schiff is complaining again, always using the same arguments. It's really tiresome... When gold rises, he says Bitcoin should retire. Isn't that just throwing a tantrum?
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HalfBuddhaMoney
· 5h ago
Here we go again, Schiff is over there hyping gold again, same old story every time, getting tired of it haha
Bitcoin is disliked by these traditional finance bigwigs, but in the end, the biggest gains still come from the crypto world, hilarious
Gold and silver go up, so be it, BTC will do what it does, anyway I’m holding both, profit is the goal
How many times has Schiff said "retire Bitcoin," does he really think he's a prophet?
Wow, when QE comes, they start acting up. Let’s wait and see who wins this round.
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MoonWaterDroplets
· 5h ago
Here we go again. Schiff always jumps on the bandwagon and criticizes BTC, which is really getting annoying. When gold and silver rise, he can’t wait to come out and speak. Why doesn’t he talk about how he missed out back then?
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GigaBrainAnon
· 5h ago
Old coin disaster scene, Schiff is back at it again, criticizing BTC... Gold rises for two days and he starts acting all high and mighty? Fine, history will tell the story anyway.
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MEVictim
· 6h ago
Schiff is starting again. This guy just lives off belittling BTC... When gold and silver rise, he comes out to jump around. Give me a break. When the market is flooded, let's see who laughs last.
The debate between traditional and digital assets just got spicier. Gold and silver are catching some serious momentum lately, riding the wave of renewed quantitative easing expectations. Prominent gold advocate Peter Schiff has wasted no time weighing in on the situation, using it as an opportunity to take shots at Bitcoin. His take? Bitcoin's performance is sluggish compared to precious metals and frankly, the king of crypto should be "retired" altogether.
This criticism highlights a persistent tension in the investment world. While QE typically devalues fiat currency and boosts hard assets like gold and silver, the relationship between monetary stimulus and Bitcoin's price movement remains hotly contested. Traditional finance champions like Schiff continue betting on the old playbook—physical metals as the ultimate store of value—while crypto advocates argue Bitcoin's decentralized nature makes it a superior hedge against inflation and currency debasement.
The market verdict? Time will tell whether precious metals maintain their edge or if digital assets prove their worth when central banks loosen the money supply again.