Peter Schiff Criticizes Bitcoin's 20% Surge, Arguing Gold is Still a Better Inflation Hedge

On March 14, 2023, Euro Pacific Capital CEO Peter Schiff posted a tweet about Bitcoin that sparked a debate within the crypto community. Schiff tweeted that Bitcoin had surged by 20% after a long-awaited change in direction from the Federal Reserve, but he also pointed out that gold had only risen by 2.5%. Schiff went on to suggest that the fact that Bitcoin had experienced a larger increase did not mean that it was a better anti-inflation tool than gold.
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