Peter Schiff: The Narrative That Gold Price Rise Benefits Bitcoin Is False

Odaily News Economist Peter Schiff stated on the X platform that Tom Lee claimed the rise in gold prices is beneficial for Bitcoin. Peter Schiff believes that BTC's boom occurred during a period when gold prices were consolidating, which allowed BTC to replace gold as a better inflation hedge and safe-haven asset. The recent breakout surge in gold prices shatters this false narrative.