‘Bye bye Bitcoin Reserve’ – Peter Schiff mocks BTC’s ‘digital gold’ status – BitRss

• Peter Schiff questions Bitcoin’s status as “digital gold” amid inflation concerns and price volatility.
• The crypto community debates Schiff’s stance, with some calling him outdated.

Renowned economist and Bitcoin [BTC ($82,256.04)] critic Peter Schiff has once again taken aim at the leading cryptocurrency, questioning its status as “digital gold.”

Peter Schiff once again takes a jab at Bitcoin

In his latest remarks, Schiff suggested that BTC’s role as a hedge against inflation is weakening, particularly as concerns over stagflation grow.

He pointed out that Bitcoin’s growth appears to be slowing despite rising inflation, challenging the widespread belief in its long-term viability as a store of value.

Additionally, he cast doubt on the effectiveness of Strategic Bitcoin Reserve plans, implying that they may not yield the intended results.

Schiff added, 

“Tariff uncertainty is adding to the pressure on financial markets. Gold hits record highs as Bitcoin crashes. Bye bye Strategic Bitcoin Reserve.” 

Community slams Schiff remarks

Criticising Schiff…