Peter Schiff questions Bitcoin’s acceptance among central banks while many continue to stockpile gold as a safe-haven against economic uncertainty.
Central banks are acquiring close to 1,000 metric tons of gold yearly, raising concerns over the stability of the U.S. Dollar and geopolitical tensions.
Despite Bitcoin’s rising popularity, Schiff argues that central banks’ actions illustrate a preference for gold over Bitcoin as a reserve asset, indicating a lack of trust in digital currencies.
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