Gold vs. Bitcoin: Bitcoin is a huge bubble!

Bitcoin supporters often call it "digital gold", but Peter Schiff scoffs at it! He insisted that gold is the real "solid currency" with irreplaceable intrinsic value and practical uses, such as in the fields of jewelry, electronics, aviation, medical care and dentistry. In contrast, Schiff believes that Bitcoin is "useless", just a "string of numbers" or "digital fool gold" and has no physical purpose. He pointed out that in gold, the price of Bitcoin is about 10% lower than its peak in 2021, which is contrary to the performance of "digital gold". In addition, Schiff stressed that gold rose when the stock market fell, while Bitcoin is highly correlated with risky assets (such as technology stocks), showing a completely opposite financial attribute to gold. The central bank purchased a large amount of gold to prepare for the end of its position as a reserve currency in the US dollar, which further confirmed the status of gold as a long-term store of value. We are in the conversation program host requested: live-action, young image, neat appearance, fluent Mandarin, love Bitcoin and related topics. Registration process: Refer to the dialogue in a certain episode of Bit Youth Video to make a live-action sample. Please send the sample to WeChat ID: domesticQA, and add WeChat to chat for details.