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.
BTC
85,912.33
-3.18%
