Peter Schiff's view on Bitcoin versus physical gold and government intervention in the market.
Peter Schiff, a harsh critic of Bitcoin, tweeted that ‘Bitcoin is digital gold, superior to physical gold.’ This new perspective from Schiff, who was previously a serious Bitcoin opponent, has attracted a lot of attention. He mentioned understanding the rationale behind storing Bitcoin, although he doesn’t agree with it, questioning, ‘Why should we have a strategic reserve for XRP?’ However, Schiff accused governments of interfering in the market, selecting winners and losers, emphasizing that decisions on asset values should be left to the market, not policymakers. He also noted that if President Trump used social media to manipulate the stock market, it would be illegal; however, there are no such restrictions in the crypto space.
