🟠Euro Pacific Capital President Peter Schiff stated that Bitcoin’s price growth does not reflect its real value, unlike gold. According to him, the current hype is a speculative bubble rather than evidence of the asset’s fundamental strength.
🟠Schiff believes investors are being misled into thinking BTC is a safe haven from a weakening dollar. However, when recalculated in terms of gold, Bitcoin remains 15% below its 2021 peak. The expert insists that Bitcoin cannot replace the dollar, as it lacks intrinsic value.