Gold Over Bitcoin: Schiff’s Jab at Central Banks’ ’Dinosaur’ Strategy

Central banks keep stacking gold like it’s 1923—while Bitcoin’s trillion-dollar revolution gets the cold shoulder. Peter Schiff’s latest dig? A masterclass in old-money skepticism.

Why trust a decentralized ledger when you can hoard shiny rocks, right?

Meanwhile, crypto eats traditional finance’s lunch—one blockchain settlement at a time.

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Bank of America’s Michael Widmer suggests emerging market banks are underexposed to gold and may soon triple their allocations. That, Schiff says, underscores what institutions really trust when stability is on the line.

He also warns that Bitcoin’s wild price swings and its heavy U.S. investor concentration make it a risky bet, especially for institutions that value consistency. At the time of his comments, gold was edging up NEAR $3,357 an ounce, while Bitcoin, though up for the month, had fallen over 2% in a single day.

Not everyone shares Schiff’s skepticism. Market voices like CNBC’s Ran Neuner believe Bitcoin could still emerge as the stronger SAFE haven — but for now, central banks seem to be casting their vote in ounces, not satoshis.

Alexander Stefanov With over 8 years of experience in the cryptocurrency and blockchain industry, Alexander is a seasoned content creator and market analyst dedicated to making digital assets more accessible and understandable. He specializes in breaking down complex crypto trends, analyzing market movements, and producing insightful content aimed at educating both newcomers and seasoned investors. Alexander has built a reputation for delivering timely and accurate analysis, while keeping a close eye on regulatory developments, emerging technologies, and macroeconomic trends that shape the future of digital finance. His work is rooted in a passion for innovation and a firm belief that widespread education is key to accelerating global crypto adoption.

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