Overview
- Peter Schiff argues Bitcoin is in a bear phase versus gold and says the cryptocurrency has dropped about 20% against the metal since August.
- He contends Wall Street’s crypto optimism is stretched and predicts a rotation toward bullion as the metal holds above $4,000.
- Market data show Bitcoin recently pulled back more than 3% on the week, with several large-cap tokens also easing after recent gains.
- Tech entrepreneur Brian Shuster and investor Paul Tudor Jones present opposing views, citing Bitcoin’s adoption momentum and potential for a powerful rally.
- A Deutsche Bank research note suggests central bank reserves could include both bitcoin and gold by 2030, signaling a possible dual role in portfolios.