Peter Schiff Warns Bitcoin Is No Hedge Against Inflation Despite Recent Price Surge

Quick Summary:

Peter Schiff has questioned Bitcoin’s role as a hedge against inflation, stating that its recent trading patterns do not support the claim.

Schiff, known for his strong stance on gold, argued that Bitcoin continues to behave more like a tech stock than a store of value.

He argued that Bitcoin lacks the stability needed to serve as a reliable store of value and remains susceptible to broader market swings.

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Article Details

Author / Journalist: Kelvin Munene Murithi

Category: Crypto

Markets: IndiaUnited States

Topics: Peter Schiff Bitcoin Bitcoin News 24/7 Cryptocurrency News

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-02 @ 20:13:11 (1 days ago)

News Timezone: GMT +8:00

News Source URL: coingape.com

Language: English

Article Length: 659 words

Reading Time: 4 minutes read

Sentences: 40 lines

Sentence Length: 17 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © CoinGape

News ID: 28324931

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Main Topics: Crypto

Official Website: coingape.com

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